Imprint Wealth LLC Has $286,000 Stock Position in Franklin Resources, Inc. (NYSE:BEN)

Imprint Wealth LLC boosted its holdings in shares of Franklin Resources, Inc. (NYSE:BEN) by 18.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,601 shares of the closed-end fund’s stock after buying an additional 1,477 shares during the period. Imprint Wealth LLC’s holdings in Franklin Resources were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BEN. Peoples Bank KS bought a new stake in shares of Franklin Resources during the 3rd quarter worth about $25,000. Blue Trust Inc. lifted its position in shares of Franklin Resources by 240.5% in the 4th quarter. Blue Trust Inc. now owns 882 shares of the closed-end fund’s stock worth $26,000 after acquiring an additional 623 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Franklin Resources during the 2nd quarter worth approximately $26,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Franklin Resources during the 4th quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Franklin Resources by 975.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,140 shares of the closed-end fund’s stock worth $28,000 after purchasing an additional 1,034 shares in the last quarter. 47.56% of the stock is owned by institutional investors and hedge funds.

Franklin Resources Trading Down 1.0 %

BEN stock opened at $24.70 on Wednesday. The company has a market cap of $13.00 billion, a P/E ratio of 13.00, a PEG ratio of 1.31 and a beta of 1.40. Franklin Resources, Inc. has a twelve month low of $21.88 and a twelve month high of $30.32. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $27.17 and a 200-day moving average of $26.29.

Franklin Resources (NYSE:BEN) last released its earnings results on Monday, January 29th. The closed-end fund reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.51 billion. Franklin Resources had a return on equity of 11.15% and a net margin of 12.30%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts expect that Franklin Resources, Inc. will post 2.52 EPS for the current year.

Franklin Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.02%. Franklin Resources’s dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analyst Weigh In

BEN has been the topic of several recent research reports. UBS Group lifted their price objective on Franklin Resources from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Franklin Resources from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. BMO Capital Markets lifted their price objective on Franklin Resources from $27.00 to $30.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. StockNews.com downgraded Franklin Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, TD Cowen began coverage on Franklin Resources in a research report on Thursday, January 4th. They set a “market perform” rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Franklin Resources presently has a consensus rating of “Hold” and an average price target of $27.39.

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.