Captrust Financial Advisors lowered its holdings in shares of Franklin Resources, Inc. (NYSE:BEN) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,872 shares of the closed-end fund’s stock after selling 341 shares during the period. Captrust Financial Advisors’ holdings in Franklin Resources were worth $116,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Chicago Equity Partners LLC increased its holdings in Franklin Resources by 58.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 11,435 shares of the closed-end fund’s stock worth $348,000 after purchasing an additional 4,230 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Franklin Resources by 6.5% during the 3rd quarter. Wells Fargo & Company MN now owns 697,731 shares of the closed-end fund’s stock worth $21,218,000 after purchasing an additional 42,590 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Franklin Resources by 42.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 66,305 shares of the closed-end fund’s stock worth $2,016,000 after purchasing an additional 19,920 shares during the last quarter. SG Americas Securities LLC increased its holdings in Franklin Resources by 78.7% during the 3rd quarter. SG Americas Securities LLC now owns 84,114 shares of the closed-end fund’s stock worth $2,558,000 after purchasing an additional 37,052 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Franklin Resources by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,120,347 shares of the closed-end fund’s stock worth $34,070,000 after purchasing an additional 23,397 shares during the last quarter. Institutional investors and hedge funds own 48.99% of the company’s stock.

In related news, EVP Craig Steven Tyle sold 10,663 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $32.82, for a total transaction of $349,959.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.90% of the company’s stock.

A number of brokerages have recently weighed in on BEN. ValuEngine upgraded Franklin Resources from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price target on shares of Franklin Resources in a report on Tuesday, February 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $30.00 price target on shares of Franklin Resources in a report on Wednesday, January 9th. Zacks Investment Research upgraded Franklin Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 5th. Finally, Barclays reiterated a “sell” rating and issued a $23.00 price target on shares of Franklin Resources in a report on Thursday, January 10th. Seven investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Franklin Resources has a consensus rating of “Hold” and a consensus target price of $29.77.

NYSE:BEN opened at $33.32 on Monday. Franklin Resources, Inc. has a 12-month low of $27.34 and a 12-month high of $39.28. The company has a market cap of $16.98 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.96 and a beta of 1.17. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 0.07.

Franklin Resources (NYSE:BEN) last released its quarterly earnings data on Wednesday, January 30th. The closed-end fund reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.10). Franklin Resources had a net margin of 26.55% and a return on equity of 15.01%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts expect that Franklin Resources, Inc. will post 2.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.12%. Franklin Resources’s dividend payout ratio is currently 32.60%.

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About Franklin Resources

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Read More: SEC Filing

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Institutional Ownership by Quarter for Franklin Resources (NYSE:BEN)

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