Economy

Franklin Resources, Inc. (BEN) Stake Lessened by Westpac Banking Corp

Franklin Resources, Inc. (BEN) Stake Lessened by Westpac Banking Corp”

The stock rose 0.10% or $0.04 reaching $41.18. With short interest at 9,994,652 and short average daily volume at 1,759,439, days to cover is 6.0 and the percentage of shorted shares was 0.02% on August 15.

Barclays began new coverage on Franklin Resources, Inc. giving the company a "underweight" rating. It has outperformed by 2.70% the S&P500. Pzena Investment Management LLC now owns 10,348,419 shares of the closed-end fund's stock worth $463,506,000 after buying an additional 246,306 shares in the last quarter. Moreover, First Wilshire Securities Management Inc has 0.83% invested in the company for 258,551 shares. Aercap Holdings Nv now has $7.95 billion valuation.

Investors sentiment increased to 1.02 in 2016 Q4. They now have a Dollars 40 price target on the stock. AerCap Holdings N.V. (NYSE:AER) has risen 21.52% since September 9, 2016 and is uptrending. It has outperformed by 0.72% the S&P500.

Engaged Capital Llc holds 8.44% of its portfolio in Rent-A-Center Inc for 2.30 million shares. (NYSE:ASPN) stake by 933,589 shares and now owns 1.66 million shares. Twitter Inc (NYSE:TWTR) was raised too.

Investors sentiment increased to 1.03 in Q4 2016. Its down 0.30, from 1.36 in 2016Q3. 79 funds opened positions while 261 raised stakes. Farmers Tru reported 58,427 shares. Tukman Grossman Capital Management Incorporated has 432,100 shares. Brown Advisory reported 30,241 shares stake.

Want to see what other hedge funds are holding BEN? Regentatlantic Capital Ltd Limited Liability Company has 0.05% invested in AerCap Holdings N.V. (NYSE:AER). The Delaware-based Green Valley Investors Llc has invested 5.94% in the stock. Commonwealth Comml Bank Of Aus owns 26,200 shares for 0.01% of their portfolio. Toscafund Asset Mngmt Ltd Liability Partnership invested in 8.86% or 400,000 shares. Hightower Advsr Llc, a Illinois-based fund reported 119,032 shares. Royal National Bank Of Canada holds 0.02% of its portfolio in Praxair, Inc.

Since January 1, 0001, it had 1 insider buy, and 7 sales for $3.81 million activity. CHAPMAN JAMES N had sold 4,000 shares worth $178,320 on Thursday, May 11. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 100% are positive. (BEN) stake by 16.3% reported in 2016Q4 SEC filing. Cowen & Co maintained AerCap Holdings N.V. (NYSE:AER) rating on Friday, May 13. The stock has "Hold" rating by Jefferies on Wednesday, June 28. (NYSE:BEN) has risen 19.40% since September 8, 2016 and is uptrending. (NYSE:BEN) on Thursday, March 16 to "Buy" rating. The rating was maintained by RBC Capital Markets with "Buy" on Monday, April 24. On Thursday, November 10 the stock rating was downgraded by Deutsche Bank to "Sell". CLSA downgraded the stock to "Underperform" rating in Thursday, December 22 report.

03/16/2017 - Franklin Resources, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Franklin Resources's payout ratio is 26.14%. At present, 3 analysts call it Sell, while 10 think it is Hold. Therefore 6% are positive. Finally, UBS AG restated a "neutral" rating and issued a $45.00 price target (down from $46.00) on shares of Franklin Resources in a report on Monday, July 31st. The firm earned "Market Perform" rating on Thursday, September 3 by Wood. Winslow Asset Mgmt stated it has 1.22% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) on Friday, September 9 with "Hold" rating. (NYSE:BEN) on Thursday, June 16 with "Hold" rating. Deutsche Bank has "Hold" rating and $35 target. The rating was maintained by Citigroup on Friday, July 29 with "Neutral". (NASDAQ:CYTK) rating on Wednesday, July 27. Its up 0.02, from 0.8 in 2016Q3. 70 funds opened positions while 137 raised stakes. 253.61 million shares or 3.60% less from 263.09 million shares in 2016Q3 were reported. The stock's market capitalization is 23.27B, it has a 52-week low of 33.02 and a 52-week high of 47.65. (NYSE:BEN) or 13,732 shares. Aviva Public Limited Company reported 246,684 shares or 0.06% of all its holdings. Finally, Zacks Investment Research upgraded shares of Franklin Resources from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a report on Tuesday, August 1st. (NYSE:BEN) for 34,027 shares. 103,939 are held by Texas Permanent School Fund. Utd Svcs Automobile Association owns 0.05% invested in Franklin Resources, Inc. (NYSE:BEN) or 642,338 shares. Blackrock Japan Limited accumulated 0.06% or 490,401 shares. Virtus Advisers holds 8,576 shares. Employees Retirement Association Of Colorado reported 71,731 shares.

Nantahala Capital Management Llc holds 1.26% of its portfolio in Owens Realty Mortgage Inc for 654,968 shares. Vanguard Gp Inc reported 0% stake. Whittier Trust Co Of Nevada Incorporated accumulated 28,373 shares. (NYSE:BEN). Van Eck holds 0% in Franklin Resources, Inc. Following the completion of the transaction, the chief financial officer now directly owns 124,021 shares in the company, valued at approximately $5,520,174.71.

Contrarius Investment Management Ltd increased Vale S A stake by 7.53 million shares to 15.88M valued at $109.40 million in 2016Q4.



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