Franklin Resources, Inc. (NYSE:BEN) Vice Chairman Rupert H. Johnson, Jr. sold 400,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $42.95, for a total value of $17,180,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Franklin Resources, Inc. (BEN) opened at $44.29 on Thursday. The company has a market capitalization of $24,715.37, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.53 and a beta of 1.75. Franklin Resources, Inc. has a 12-month low of $38.93 and a 12-month high of $47.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 8.75 and a current ratio of 8.75.
Franklin Resources (NYSE:BEN) last released its quarterly earnings results on Thursday, October 26th. The closed-end fund reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. Franklin Resources had a return on equity of 13.48% and a net margin of 26.54%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. equities analysts expect that Franklin Resources, Inc. will post 2.92 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BEN. PGGM Investments increased its holdings in shares of Franklin Resources by 13.3% in the third quarter. PGGM Investments now owns 869,933 shares of the closed-end fund’s stock valued at $38,721,000 after purchasing an additional 102,328 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Franklin Resources by 17.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 267,431 shares of the closed-end fund’s stock valued at $11,903,000 after purchasing an additional 39,878 shares during the period. Toronto Dominion Bank increased its holdings in shares of Franklin Resources by 8.3% in the third quarter. Toronto Dominion Bank now owns 126,061 shares of the closed-end fund’s stock valued at $5,610,000 after purchasing an additional 9,687 shares during the period. Andra AP fonden increased its holdings in shares of Franklin Resources by 71.3% in the second quarter. Andra AP fonden now owns 53,800 shares of the closed-end fund’s stock valued at $2,410,000 after purchasing an additional 22,400 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Franklin Resources by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 968,885 shares of the closed-end fund’s stock valued at $43,395,000 after purchasing an additional 252,165 shares during the period. 44.77% of the stock is currently owned by institutional investors.
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Franklin Resources Company Profile
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
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