Analyzing Investor Sentiment Towards Franklin Resources (BEN) Stocks

This afternoon we watched Franklin Resources drop -5.6% to a price of $23.59 per share. The Large-Cap Asset Management company is now trading -14.7% below its average target price of $27.65. Analysts have set target prices ranging from $25.0 to $30.0 per share for Franklin Resources, and have given the stock an average rating of hold.

The stock has an average amount of shares sold short at 7.3%, and a short ratio of 6.66. The company's insiders own 40.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 48.8% of Franklin Resources's shares being owned by this investor type.

Institutions Invested in Franklin Resources

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 6% 32,296,534 $761,713,724
2023-12-31 Blackrock Inc. 6% 29,502,481 $695,815,987
2023-12-31 Capital Research Global Investors 5% 26,652,644 $628,602,584
2023-12-31 State Street Corporation 4% 21,508,103 $507,268,589
2023-12-31 ProShares Advisors, LLC 1% 7,071,813 $166,788,703
2023-12-31 Invesco Ltd. 1% 6,992,483 $164,917,705
2023-12-31 Geode Capital Management, LLC 1% 6,268,426 $147,840,821
2023-12-31 Morgan Stanley 1% 3,961,154 $93,423,813
2023-12-31 Bank Of New York Mellon Corporation 1% 3,897,647 $91,926,000
2023-12-31 Amundi 1% 3,554,721 $83,838,091

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Franklin Resources.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.