Kiltearn Partners Llp Has Increased Its Franklin Res (BEN) Position; Suntrust Banks Cut Its Alibaba Group Hldg LTD (BABA) Position

April 26, 2018 - By Louis Casey

Franklin Resources, Inc. (NYSE:BEN) Logo

Kiltearn Partners Llp increased Franklin Res Inc (BEN) stake by 5.89% reported in 2017Q4 SEC filing. Kiltearn Partners Llp acquired 362,400 shares as Franklin Res Inc (BEN)’s stock declined 14.35%. The Kiltearn Partners Llp holds 6.52M shares with $282.51 million value, up from 6.16 million last quarter. Franklin Res Inc now has $18.36B valuation. The stock increased 0.91% or $0.305 during the last trading session, reaching $33.885. About 3.04 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since April 26, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Suntrust Banks Inc decreased Alibaba Group Hldg Ltd (BABA) stake by 28.6% reported in 2017Q4 SEC filing. Suntrust Banks Inc sold 22,405 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 3.18%. The Suntrust Banks Inc holds 55,930 shares with $9.64 million value, down from 78,335 last quarter. Alibaba Group Hldg Ltd now has $446.13 billion valuation. The stock increased 2.00% or $3.405 during the last trading session, reaching $173.625. About 11.26M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 26, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 earnings per share, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82B for 61.14 P/E if the $0.71 EPS becomes a reality. After $1.34 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 171 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Friday, January 29 by Brean Capital. As per Wednesday, January 11, the company rating was initiated by Bernstein. On Wednesday, August 12 the stock rating was maintained by M Partners with “Buy”. The rating was maintained by SunTrust on Friday, August 12 with “Buy”. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, October 27 with “Buy” rating. The firm has “Buy” rating given on Friday, April 15 by Needham. On Friday, August 12 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Wednesday, October 28 by Axiom Capital. Morgan Stanley maintained the shares of BABA in report on Monday, January 25 with “Overweight” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bernstein on Monday, February 5.

Suntrust Banks Inc increased Lowes Cos Inc (NYSE:LOW) stake by 6,016 shares to 274,084 valued at $25.47 million in 2017Q4. It also upped Intercontinental Exchange In (NYSE:ICE) stake by 4,662 shares and now owns 88,952 shares. Vanguard Scottsdale Fds (VONV) was raised too.

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It improved, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Dock Street Asset Mngmt owns 0.15% invested in Franklin Resources, Inc. (NYSE:BEN) for 8,836 shares. Cornerstone holds 0.02% or 799 shares. Folger Nolan Fleming Douglas Capital reported 23,219 shares. Legg Mason Asset Management (Japan) Limited has invested 0.53% in Franklin Resources, Inc. (NYSE:BEN). Peoples invested 0% in Franklin Resources, Inc. (NYSE:BEN). Glg Lp reported 0.13% stake. Walleye Trading Ltd Llc, Minnesota-based fund reported 12,653 shares. Polaris Greystone Finance has invested 0.02% in Franklin Resources, Inc. (NYSE:BEN). Horizon Kinetics Lc reported 9,148 shares. 568 were accumulated by Farmers And Merchants Invests. Old Mutual Customised Solutions (Proprietary) Limited reported 0.09% stake. Grantham Mayo Van Otterloo And Limited Liability Corp invested in 0.05% or 197,600 shares. Liberty Mutual Gp Asset Mgmt holds 0.02% or 13,114 shares in its portfolio. San Francisco Sentry Inv Group (Ca) reported 269 shares stake. Ngam Advisors Ltd Partnership has invested 0.02% in Franklin Resources, Inc. (NYSE:BEN).

Since October 30, 2017, it had 0 buys, and 2 insider sales for $4.61 million activity. 56,825 shares were sold by JOHNSON GREGORY E, worth $2.43 million.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 96 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse upgraded the shares of BEN in report on Thursday, January 11 to “Hold” rating. The firm has “Underweight” rating given on Tuesday, December 8 by Barclays Capital. The rating was maintained by Barclays Capital with “Underweight” on Monday, April 23. The company was maintained on Monday, August 17 by Deutsche Bank. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was downgraded by Bank of America on Monday, April 9 to “Hold”. On Friday, March 17 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm earned “Neutral” rating on Friday, October 27 by Citigroup. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, April 10. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) rating on Wednesday, October 5. Deutsche Bank has “Hold” rating and $35 target.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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