<div id="readability-page-1"><p>Squarepoint Ops LLC trimmed its position in shares of  Franklin Resources, Inc. (NYSE:BEN - Free Report) by 23.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,642 shares of the closed-end fund's stock after selling 89,967 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Franklin Resources worth $7,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Safe Space? 3 Dividend Aristocrats With 5% Yield </li></ul><p>Several other institutional investors and hedge funds also recently made changes to their positions in the company. Consultiva Wealth Management CORP. boosted its holdings in  Franklin Resources by 177.1% during the second quarter. Consultiva Wealth Management CORP. now owns 1,283 shares of the closed-end fund's stock worth $31,000 after purchasing an additional 820 shares during the last quarter.  Assetmark Inc. lifted its position in shares of  Franklin Resources by 80.2% during the 2nd quarter. Assetmark Inc. now owns 2,777 shares of the closed-end fund's stock worth $66,000 after buying an additional 1,236 shares in the last quarter.  Brooklyn Investment Group grew its holdings in shares of  Franklin Resources by 78.3% in the first quarter. Brooklyn Investment Group now owns 3,139 shares of the closed-end fund's stock valued at $60,000 after acquiring an additional 1,378 shares in the last quarter.  Geneos Wealth Management Inc. increased its position in shares of  Franklin Resources by 32.2% during the second quarter. Geneos Wealth Management Inc. now owns 3,284 shares of the closed-end fund's stock valued at $78,000 after acquiring an additional 800 shares during the last quarter.  Finally, CX Institutional lifted its holdings in  Franklin Resources by 245.1% during the second quarter. CX Institutional now owns 3,379 shares of the closed-end fund's stock worth $81,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own  47.56% of the company's stock. </p><div><p><span></span><span>Get <strong>Franklin Resources</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities research analysts have recently issued reports on the company. Bank of America raised their target price on Franklin Resources from $19.00 to $22.00 and gave the company an &#34;underperform&#34; rating in a research report on Thursday, October 2nd. Evercore ISI reduced their price target on shares of Franklin Resources from $25.00 to $23.00 and set an &#34;underperform&#34; rating for the company in a research report on Thursday, October 9th. Zacks Research lowered shares of Franklin Resources from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, August 20th. BMO Capital Markets assumed coverage on shares of Franklin Resources in a research note on Friday, October 3rd. They issued an &#34;outperform&#34; rating and a $26.00 target price on the stock. Finally, JPMorgan Chase &amp; Co. decreased their price target on shares of Franklin Resources from $26.00 to $25.00 and set a &#34;neutral&#34; rating for the company in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, five have issued  a Hold rating and five have assigned  a Sell rating to the company's stock. Based on data from MarketBeat, Franklin Resources presently has a consensus rating of &#34;Reduce&#34; and a consensus target price of $24.09.</p><p><b>View Our Latest Stock Report on Franklin Resources</b></p><h2>Franklin Resources Price Performance</h2><p>NYSE BEN opened at $23.49 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.95. The company has a market cap of $12.23 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.47. Franklin Resources, Inc. has a 52 week low of $16.25 and a 52 week high of $26.08. The firm's 50-day simple moving average is $22.70 and its two-hundred day simple moving average is $23.59. </p><p>Franklin Resources (NYSE:BEN - Get Free Report) last released its quarterly earnings data on Friday, November 7th. The closed-end fund reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.10. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.17 billion. Franklin Resources had a net margin of 5.98% and a return on equity of 9.12%. Franklin Resources's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS.  Research analysts predict that  Franklin Resources, Inc. will post 2.16 earnings per share for the current year. </p><h2>About Franklin Resources</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Franklin Resources</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Growth Stocks: What They Are, What They Are Not</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding BEN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Resources, Inc. (NYSE:BEN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJFTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJFTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Franklin Resources Right Now?</h2><p>Before you consider Franklin Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Resources wasn't on the list.</p><p>While Franklin Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Squarepoint Ops LLC reduced its stake in Franklin Resources by 23.2% in Q2, selling 89,967 shares. Analysts have mixed ratings on Franklin Resources, with a consensus rating of "Reduce" and a target price of $24.09. The stock opened at $23.49, with a market cap of $12.23 billion and a PE ratio of 25.81. Franklin Resources reported Q3 earnings of $0.67 per share, beating estimates.</p>

Squarepoint Ops LLC Sells 89,967 Shares of Franklin Resources, Inc. $BEN