Sei Investments Co. elevated its place in Franklin Assets, Inc. (NYSE:BEN – Free Report) by 19.9% within the 2nd quarter, Holdings Channel studies. The agency owned 14,098 shares of the closed-end fund’s inventory after shopping for a further 2,340 shares through the quarter. Sei Investments Co.’s holdings in Franklin Assets have been price $315,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
Various different institutional traders have additionally not too long ago purchased and offered shares of BEN. V Sq. Quantitative Administration LLC raised its stake in shares of Franklin Assets by 15.2% within the 4th quarter. V Sq. Quantitative Administration LLC now owns 10,514 shares of the closed-end fund’s inventory valued at $313,000 after shopping for a further 1,391 shares within the final quarter. Richardson Monetary Companies Inc. acquired a brand new place in Franklin Assets within the fourth quarter price about $104,000. SageView Advisory Group LLC lifted its stake in Franklin Assets by 22.5% through the fourth quarter. SageView Advisory Group LLC now owns 17,438 shares of the closed-end fund’s inventory price $473,000 after buying a further 3,205 shares through the interval. Belief Co. of Vermont acquired a brand new stake in Franklin Assets through the fourth quarter valued at roughly $45,000. Lastly, Quadrature Capital Ltd purchased a brand new stake in shares of Franklin Assets within the 4th quarter valued at roughly $974,000. Institutional traders and hedge funds personal 47.56% of the corporate’s inventory.
Franklin Assets Inventory Up 3.0 %
NYSE:BEN opened at $20.20 on Friday. The inventory’s fifty day shifting common worth is $20.65 and its two-hundred day shifting common worth is $22.80. The corporate has a market cap of $10.63 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of two.62 and a beta of 1.39. Franklin Assets, Inc. has a 52-week low of $18.94 and a 52-week excessive of $30.32. The corporate has a debt-to-equity ratio of 0.93, a fast ratio of 1.71 and a present ratio of 1.71.
Franklin Assets (NYSE:BEN – Get Free Report) final issued its quarterly earnings outcomes on Friday, July twenty sixth. The closed-end fund reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The enterprise had income of $2.12 billion for the quarter, in comparison with analyst estimates of $2.09 billion. Franklin Assets had a return on fairness of 10.60% and a internet margin of 10.24%. On common, analysts anticipate that Franklin Assets, Inc. will submit 2.41 EPS for the present 12 months.
Franklin Assets Pronounces Dividend
The agency additionally not too long ago declared a quarterly dividend, which can be paid on Friday, October eleventh. Stockholders of report on Monday, September thirtieth can be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Monday, September thirtieth. Franklin Assets’s dividend payout ratio is 70.86%.
Analyst Scores Adjustments
Various brokerages have weighed in on BEN. Wells Fargo & Firm lowered their worth goal on Franklin Assets from $20.00 to $19.00 and set an “equal weight” ranking on the inventory in a analysis report on Wednesday. BMO Capital Markets dropped their goal worth on shares of Franklin Assets from $27.00 to $26.00 and set a “market carry out” ranking for the corporate in a analysis report on Monday, July twenty ninth. Barclays initiated protection on shares of Franklin Assets in a analysis report on Tuesday, August twenty seventh. They issued an “underweight” ranking and a $20.00 worth goal on the inventory. Evercore ISI decreased their goal worth on Franklin Assets from $20.00 to $19.00 and set an “underperform” ranking on the inventory in a report on Friday, October 4th. Lastly, Keefe, Bruyette & Woods restated an “underperform” ranking and set a $23.00 worth goal on shares of Franklin Assets in a analysis report on Thursday, August twenty second. 5 equities analysis analysts have rated the inventory with a promote ranking and 6 have given a maintain ranking to the inventory. In keeping with MarketBeat, Franklin Assets presently has a consensus ranking of “Maintain” and a consensus goal worth of $22.43.
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Insider Shopping for and Promoting
In different Franklin Assets information, CEO Jennifer M. Johnson acquired 12,700 shares of Franklin Assets inventory in a transaction on Wednesday, August twenty eighth. The shares have been bought at a median value of $19.66 per share, with a complete worth of $249,682.00. Following the completion of the acquisition, the chief government officer now owns 2,637,700 shares within the firm, valued at $51,857,182. The commerce was a 0.00 % improve of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which is out there at this hyperlink. In associated information, CEO Jennifer M. Johnson purchased 12,700 shares of the enterprise’s inventory in a transaction on Wednesday, August twenty eighth. The shares have been bought at a median worth of $19.66 per share, with a complete worth of $249,682.00. Following the completion of the acquisition, the chief government officer now owns 2,637,700 shares of the corporate’s inventory, valued at $51,857,182. This represents a 0.00 % improve of their place. The acquisition was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, main shareholder Charles B. Johnson purchased 100,000 shares of Franklin Assets inventory in a transaction on Thursday, August twenty ninth. The shares have been purchased at a median worth of $19.84 per share, for a complete transaction of $1,984,000.00. Following the acquisition, the insider now owns 89,208,192 shares of the corporate’s inventory, valued at roughly $1,769,890,529.28. The commerce was a 0.00 % improve of their place. The disclosure for this buy may be discovered right here. Insiders acquired a complete of 231,600 shares of firm inventory valued at $4,537,637 over the past ninety days. Insiders personal 24.13% of the corporate’s inventory.
About Franklin Assets
Franklin Assets, Inc is a publicly owned asset administration holding firm. By means of its subsidiaries, the agency offers its providers to people, establishments, pension plans, trusts, and partnerships. It launches fairness, fastened earnings, balanced, and multi-asset mutual funds by means of its subsidiaries.
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