Shares of Franklin Resources (BEN) Sees Large Outflow of Money

Franklin Resources (BEN) : Net money flow in Franklin Resources (BEN) was negative ($3.53 million) and the inflow of money on uptick was $9.46 million, whereas, the outflow of money on downticks amounted to $12.99 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.73. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.51 million. On the other hand, the total value of block trades done on downticks was $4 million. The ratio of uptick to downtick block trades was 0.38. The money flow in block trades was negative ($2.49). Franklin Resources (BEN) gained $0.19 cent during the day and reached $36.49, a gain of 0.52% over the previous day.


Also, Barclays maintains its view on Franklin Resources (NYSE:BEN) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Barclays raises the price target from $30 per share to $31 per share on Franklin Resources . The rating by the firm was issued on August 9, 2016.

Franklin Resources, Inc. has dropped 1.03% in the last five trading days, however, the shares have posted positive gains of 1.28% in the last 4 weeks. Franklin Resources, Inc. has dropped 0.31% during the last 3-month period . Year-to-Date the stock performance stands at 0.16%.

Franklin Resources (NYSE:BEN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.32 and $36.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.49, notching a gain of 0.52% for the day. The total traded volume was 2,211,848 . The stock had closed at $36.30 on the previous day.

In a related news, Johnson Jennifer M, officer (Co-President) of Franklin Resources Inc, executed a transaction worth $7,505 on December 22, 2015. A total of 210 shares were purchased at an average price of $35.74. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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