Cwm buys $10,171,024 stake in Franklin Resources (BEN)

Franklin Resources (BEN) : Cwm scooped up 60,044 additional shares in Franklin Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 298,358 shares of Franklin Resources which is valued at $10,171,024.Franklin Resources makes up approximately 0.73% of Cwm’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in BEN by selling 30 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 450 shares of BEN which is valued at $15,341.Creative Planning boosted its stake in BEN in the latest quarter, The investment management firm added 4,452 additional shares and now holds a total of 7,858 shares of Franklin Resources which is valued at $273,301.Oregon Public Employees Retirement Fund reduced its stake in BEN by selling 15,458 shares or 15.65% in the most recent quarter. The Hedge Fund company now holds 83,343 shares of BEN which is valued at $3,032,018. Franklin Resources makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network reduced its stake in BEN by selling 312 shares or 34.63% in the most recent quarter. The Hedge Fund company now holds 589 shares of BEN which is valued at $21,157.

Franklin Resources closed down -0.31 points or -0.90% at $34.09 with 24,11,301 shares getting traded on Friday. Post opening the session at $34.84, the shares hit an intraday low of $34.09 and an intraday high of $34.87 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Franklin Resources reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.67. The company had revenue of $1634.30 million for the quarter, compared to analysts expectations of $1618.75 million. The company’s revenue was down -18.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.82 EPS.

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 Company’s 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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