Franklin Resources (BEN) : The money flow analysis of Franklin Resources (BEN) indicates a $10.4 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $16.87 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.62 and so was the total money flow at $6.46 million. The bulls lapped up $5.54 million worth of block trades on upticks. The money flow was $5.54 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Franklin Resources (BEN), pushing it down by -0.09% for the day. The stock slid $0.03 and traded at $33.95 during the day. Nonetheless, the stock is 2.66% over the previous weeks close.
The company Insiders own 20.41% of Franklin Resources shares according to the proxy statements. Institutional Investors own 50.41% of Franklin Resources shares. In an insider trading activity, Johnson Jennifer M, officer (Co-President) of Franklin Resources Inc had purchased 210 shares on December 22, 2015 in a transaction. The price per share was $35.74 and the total amount of the disclosed transaction was $7,505.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Shares of Franklin Resources, Inc. rose by 7.86% in the last five trading days and 3.72% for the last 4 weeks. Franklin Resources, Inc. has dropped 7.7% during the last 3-month period . Year-to-Date the stock performance stands at -4.37%.
Franklin Resources (NYSE:BEN): stock turned positive on Tuesday. Though the stock opened at $34.38, the bulls momentum made the stock top out at $35.055 level for the day. The stock recorded a low of $34.36 and closed the trading day at $34.84, in the green by 2.62%. The total traded volume for the day was 3,052,083. The stock had closed at $33.95 in the previous days trading.
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.