Franklin Resources, Inc. (NYSE:BEN) gets downgraded to Underweight by JPMorgan Chase & Co. with a price target of $29.00

ME Staff
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Analyst Ratings For Franklin Resources, Inc. (NYSE:BEN)

Today, Franklin Resources, Inc. (NYSE:BEN) stock was downgraded by JPMorgan Chase & Co. from Neutral to Underweight with a price target of $29.00.

There are 7 Hold Ratings, 4 Sell Ratings, no Strong Buy Ratings, no Buy Ratings on the stock.

The current consensus rating on Franklin Resources, Inc. (NYSE:BEN) is Hold with a consensus target price of $36.1818 per share, a potential 19.85% upside.

Some recent analyst ratings include

  • 9/6/2018-Franklin Resources, Inc. (NYSE:BEN) gets downgraded to Underweight by JPMorgan Chase & Co. with a price target of $29.00
  • 7/13/2018-Franklin Resources, Inc. (NYSE:BEN) had its Hold rating reiterated by Jefferies Financial Group with a $33.00 price target
  • 4/9/2018-Franklin Resources, Inc. (NYSE:BEN) gets downgraded to Neutral by Bank of America with a price target of $37.00

Recent Insider Trading Activity For Franklin Resources, Inc. (NYSE:BEN)
Franklin Resources, Inc. (NYSE:BEN) has insider ownership of 22.20% and institutional ownership of 46.98%.

  • On 9/4/2018 Craig Steven Tyle, EVP, sold 11,165 with an average share price of $31.35 per share and the total transaction amounting to $350,022.75.
  • On 12/21/2017 Jed A. Plafker, Insider, sold 7,790 with an average share price of $43.92 per share and the total transaction amounting to $342,136.80.
  • On 12/19/2017 Gregory E Johnson, Chairman, sold 49,988 with an average share price of $43.58 per share and the total transaction amounting to $2,178,477.04.
  • On 12/1/2017 Rupert H Johnson Jr, Vice Chairman, sold 400,000 with an average share price of $42.95 per share and the total transaction amounting to $17,180,000.00.
  • On 10/30/2017 Gregory E Johnson, Chairman, sold 56,825 with an average share price of $42.83 per share and the total transaction amounting to $2,433,814.75.
  • On 6/22/2017 Kenneth A Lewis, CFO, sold 17,141 with an average share price of $44.51 per share and the total transaction amounting to $762,945.91.
  • On 3/16/2017 Jennifer M Johnson, Insider, sold 16,835 with an average share price of $43.90 per share and the total transaction amounting to $739,056.50.

About Franklin Resources, Inc. (NYSE:BEN)
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

Recent Trading Activity for Franklin Resources, Inc. (NYSE:BEN)
Shares of Franklin Resources, Inc. closed the previous trading session at 30.21 −1.21 3.85% with 31.06 shares trading hands.