Imprint Wealth LLC Purchases 1,477 Shares of Franklin Resources, Inc. (NYSE:BEN)

Imprint Wealth LLC grew its position in Franklin Resources, Inc. (NYSE:BEN) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,601 shares of the closed-end fund’s stock after acquiring 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 SEC.

A number of other large investors also recently modified their holdings of BEN. Peoples Bank KS bought a new position in shares of Franklin Resources in the 3rd quarter valued at $25,000. Blue Trust Inc. raised its position in Franklin Resources by 240.5% during the 4th quarter. Blue Trust Inc. now owns 882 shares of the closed-end fund’s stock worth $26,000 after purchasing an additional 623 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Franklin Resources during the 2nd quarter worth $26,000. Resurgent Financial Advisors LLC bought a new position in Franklin Resources during the 4th quarter worth $27,000. Finally, Bell Investment Advisors Inc raised its position in 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 during the last quarter. 47.56% of the stock is currently owned by institutional investors.

Franklin Resources Price Performance

BEN stock opened at $24.70 on Wednesday. The company has a market capitalization of $13.00 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. Franklin Resources, Inc. has a 52-week low of $21.88 and a 52-week high of $30.32. The business has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $26.29.

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

Franklin Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.24 annualized dividend and a dividend yield of 5.02%. Franklin Resources’s dividend payout ratio is currently 65.26%.

Analyst Ratings Changes

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

About Franklin Resources

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.