Holder Kiltearn Partners Llp Upped Franklin Res INC (BEN) Stake

October 13, 2018 - By Adrian Erickson

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.81 in 2018 Q2. Its down 0.01, from 0.82 in 2018Q1. It is negative, as 42 investors sold BEN shares while 185 reduced holdings. 51 funds opened positions while 133 raised stakes. 238.53 million shares or 2.43% less from 244.47 million shares in 2018Q1 were reported. Usa Portformulas Corp reported 10,136 shares or 0.09% of all its holdings. First Allied Advisory Serv Inc stated it has 0.18% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Grassi Inv Mngmt invested 0.06% in Franklin Resources, Inc. (NYSE:BEN). M&R Capital Mgmt Inc holds 0% or 300 shares. Credit Suisse Ag reported 1.44 million shares. Cna Financial Corporation reported 0.42% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Wellington Mngmt Group Inc Llp has invested 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Gallagher Fiduciary Advsr Ltd Com holds 2.05 million shares or 12.63% of its portfolio. 1,355 were reported by Assetmark. Gateway Inv Advisers Ltd Llc holds 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 13,615 shares. Bnp Paribas Asset Mgmt has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). State Of Wisconsin Investment Board owns 0.04% invested in Franklin Resources, Inc. (NYSE:BEN) for 443,416 shares. Carroll Financial Associate owns 13,500 shares for 0.05% of their portfolio. Caisse De Depot Et Placement Du Quebec owns 17,808 shares or 0% of their US portfolio. Utah Retirement Systems reported 58,602 shares or 0.04% of all its holdings.

Since August 31, 2018, it had 0 insider buys, and 2 selling transactions for $508,319 activity. 11,165 shares valued at $350,004 were sold by Tyle Craig Steven on Friday, August 31.

Kiltearn Partners Llp increased its stake in Franklin Res Inc (BEN) by 10.44% based on its latest 2018Q2 regulatory filing with the SEC. Kiltearn Partners Llp bought 759,800 shares as the company’s stock declined 6.03% while stock markets rallied. The institutional investor held 8.04 million shares of the finance company at the end of 2018Q2, valued at $257.65 million, up from 7.28 million at the end of the previous reported quarter. Kiltearn Partners Llp who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $15.04B market cap company. It closed at $28.54 lastly. It is up 19.28% since October 13, 2017 and is downtrending. It has underperformed by 34.90% the S&P500.

Kiltearn Partners Llp, which manages about $3.16B and $4.44 billion US Long portfolio, decreased its stake in Mckesson Corp (NYSE:MCK) by 45,000 shares to 1.87 million shares, valued at $249.44M in 2018Q2, according to the filing. It also reduced its holding in Autonation Inc (NYSE:AN) by 172,179 shares in the quarter, leaving it with 1.72M shares, and cut its stake in Goldman Sachs Group Inc (NYSE:GS).

Franklin Resources, Inc. (NYSE:BEN) Ratings Coverage

Among 6 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Franklin Resources had 10 analyst reports since April 23, 2018 according to SRatingsIntel. Wells Fargo maintained Franklin Resources, Inc. (NYSE:BEN) on Monday, July 30 with “Market Perform” rating. The firm has “Hold” rating by Deutsche Bank given on Thursday, October 11. Morgan Stanley maintained it with “Underweight” rating and $30 target in Thursday, August 2 report. The company was maintained on Monday, July 30 by Barclays Capital. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Underweight” rating given on Thursday, September 6 by JP Morgan. The company was maintained on Thursday, July 12 by Morgan Stanley. The firm earned “Neutral” rating on Monday, October 8 by UBS. The rating was maintained by Barclays Capital with “Underweight” on Monday, April 23. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, September 27 with “Hold” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Hold” rating by Deutsche Bank on Thursday, August 16.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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