Franklin Resources, Inc. (BEN) EVP Craig Steven Tyle Sells 10,924 Shares
Franklin Resources, Inc. (NYSE:BEN) EVP Craig Steven Tyle sold 10,924 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $32.04, for a total transaction of $350,004.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
BEN traded down $0.06 during midday trading on Wednesday, hitting $32.94. 76,810 shares of the company traded hands, compared to its average volume of 2,537,050. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 0.07. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.78 and a beta of 1.16. Franklin Resources, Inc. has a 52-week low of $27.34 and a 52-week high of $35.82.
Franklin Resources (NYSE:BEN) last posted its quarterly earnings data on Friday, April 26th. The closed-end fund reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Franklin Resources had a net margin of 26.10% and a return on equity of 14.24%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, research analysts forecast that Franklin Resources, Inc. will post 2.58 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of BEN. Bank of America Corp DE lifted its holdings in Franklin Resources by 526.8% during the fourth quarter. Bank of America Corp DE now owns 6,705,633 shares of the closed-end fund’s stock valued at $198,889,000 after purchasing an additional 5,635,864 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Franklin Resources by 17.1% in the third quarter. Vanguard Group Inc now owns 32,666,942 shares of the closed-end fund’s stock worth $993,402,000 after buying an additional 4,764,162 shares in the last quarter. London Co. of Virginia purchased a new position in shares of Franklin Resources in the fourth quarter worth about $107,975,000. Norges Bank purchased a new position in shares of Franklin Resources in the fourth quarter worth about $100,182,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Franklin Resources by 2,525.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,046,540 shares of the closed-end fund’s stock worth $69,000 after buying an additional 1,968,602 shares in the last quarter. 48.48% of the stock is currently owned by institutional investors and hedge funds.
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Franklin Resources Company Profile
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.
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