Shares of Franklin Resources (NYSE:BEN) Sees Large Inflow of Net Money Flow

Shares of Franklin Resources (NYSE:BEN) saw an erosion of -0.63 points in recent session. During the trading, the value of each share was $33.79, dropping -1.83%. The shares saw high fund-flow as the composite value of all the upticks was $22.44 million and the total value of all the downticks was a mere $13.65 million. The net money flow was seen at $8.79 million and the up/down ratio was measured at 1.64. On a weekly basis the shares of the shares have recorded a change of -5.06%.The block trade which occurred today had $9.36 million in upticks and $1.19 million in downticks with the up/down ratio climbing to 7.85. $8.16 million was the net money flow of the block transaction.


Currently the company Insiders own 20.41% of Franklin Resources shares according to the proxy statements. Institutional Investors own 50.44% of Franklin Resources shares. On the companys insider trading activities, Johnson Jennifer M, officer (Co-President) of Franklin Resources Inc, had purchased 210 shares on December 22, 2015. The total value of the transaction was $7,505. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Franklin Resources (NYSE:BEN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 1.54% at $33.27 with 3,554,831 shares getting traded. Post opening the session at $33.54, the shares hit an intraday low of $33.22 and an intraday high of $33.805 and the price was in this range throughout the day. The company has a market cap of $19,461 million and the number of outstanding shares have been calculated to be 584,931,460 shares. The 52-week high of Franklin Resources (NYSE:BEN) is $51.94 and the 52-week low is $31.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Franklin Resources (NYSE:BEN). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Barclays lowers the price target from $32 per share to $31 per share. The rating by the firm was issued on June 9, 2016.

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

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