Analysts See $0.68 EPS for Franklin Resources, Inc. (BEN)

July 18, 2017 - By Richard Conner

 Analysts See $0.68 EPS for Franklin Resources, Inc. (BEN)
Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.15, from 0.73 in 2016Q3. It increased, as 47 investors sold Franklin Resources, Inc. shares while 188 reduced holdings. 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.
Cetera Advisor Net Llc holds 8,703 shares or 0.02% of its portfolio. Tci Wealth owns 54 shares. Matarin Capital Mgmt Limited Liability Corp holds 0% or 99,850 shares. Gemmer Asset Management Ltd Liability Corp accumulated 472 shares or 0.01% of the stock. 11,227 were accumulated by Profund Advisors Limited Com. Commonwealth Bank & Trust Of Aus has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN). 35,959 were accumulated by Kbc Nv. Abrams Cap Management L P holds 11.54% in Franklin Resources, Inc. (NYSE:BEN) or 7.95M shares. Aqr Mngmt Lc invested in 642,338 shares. Pacad Ltd holds 13,001 shares or 0.07% of its portfolio. Amer Financial Group Inc Incorporated accumulated 330,000 shares. Thrivent Fin For Lutherans stated it has 0.01% in Franklin Resources, Inc. (NYSE:BEN). Southeastern Asset Management Tn holds 0.92% or 2.41M shares in its portfolio. Commercial Bank Of Montreal Can reported 265,728 shares. Citigroup reported 552,275 shares.

Investors wait Franklin Resources, Inc. (NYSE:BEN) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.68 earnings per share, down $0.09 or 11.69 % from last year’s $0.77 same quarter earnings. This translates into $381.33 million profit for BEN giving the stock a 16.97 P/E. This is assuming the current $0.68 EPS is accurate. Franklin Resources, Inc.’s Wall Street analysts see -8.11 % negative EPS growth, taking into account the $0.74 EPS reproted in the previous quarter, The stock decreased 0.26% or $0.12 during the last trading session, reaching $46.15. About 1.75 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since July 18, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.

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

Among 15 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. Franklin Resources Inc. had 76 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 4 by Barclays Capital. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 17. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by UBS on Thursday, November 10. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Friday, July 29. The firm has “Market Perform” rating by Wood given on Thursday, September 3. The rating was maintained by Keefe Bruyette & Woods on Thursday, June 1 with “Hold”. The firm has “Hold” rating by Deutsche Bank given on Thursday, June 16. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Buy” rating by Bank of America on Thursday, March 16. The firm earned “Buy” rating on Wednesday, September 9 by Deutsche Bank. On Tuesday, August 9 the stock rating was maintained by Barclays Capital with “Underweight”.

Franklin Resources, Inc. is a holding company. The company has market cap of $25.88 billion. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It has a 14.86 P/E ratio. It is a global investment management firm that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Globenewswire.com, which released: “Franklin Resources, Inc. to Announce Third Quarter Results on July 28, 2017” on July 05, 2017. Globenewswire.com‘s article titled: “Franklin Universal Trust Declares Monthly Distribution” and published on July 17, 2017 is yet another important article.

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