Rbo & Co Lowered Its Franklin Res (BEN) Position by $5.03 Million; As W W Grainger (GWW) Stock Rose, Citizens & Northern Has Upped by $314,116 Its Holding

May 21, 2018 - By Dolores Ford

Franklin Resources, Inc. (NYSE:BEN) Logo

Rbo & Co Llc decreased its stake in Franklin Res Inc (BEN) by 84.04% based on its latest 2017Q4 regulatory filing with the SEC. Rbo & Co Llc sold 117,088 shares as the company’s stock declined 14.35% with the market. The institutional investor held 22,237 shares of the finance company at the end of 2017Q4, valued at $964,000, down from 139,325 at the end of the previous reported quarter. Rbo & Co Llc who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $18.43B market cap company. The stock increased 0.21% or $0.07 during the last trading session, reaching $34.11. About 2.75 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since May 21, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Citizens & Northern Corp increased its stake in W W Grainger Inc (GWW) by 17.5% based on its latest 2017Q4 regulatory filing with the SEC. Citizens & Northern Corp bought 1,331 shares as the company’s stock rose 16.26% while stock markets declined. The institutional investor held 8,938 shares of the consumer services company at the end of 2017Q4, valued at $2.11M, up from 7,607 at the end of the previous reported quarter. Citizens & Northern Corp who had been investing in W W Grainger Inc for a number of months, seems to be bullish on the $17.23 billion market cap company. The stock increased 0.26% or $0.81 during the last trading session, reaching $307.61. About 708,715 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has risen 15.02% since May 21, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.17, from 0.98 in 2017Q3. It dropped, as 49 investors sold GWW shares while 190 reduced holdings. 75 funds opened positions while 118 raised stakes. 45.76 million shares or 4.60% less from 47.96 million shares in 2017Q3 were reported. Moreover, Texas Permanent School Fund has 0.04% invested in W.W. Grainger, Inc. (NYSE:GWW) for 14,157 shares. Field And Main National Bank & Trust holds 100 shares. Orca Invest Lc reported 3.11% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Nuwave Invest Mngmt Ltd Liability Com accumulated 7 shares. Vident Invest Advisory Ltd Liability Corporation holds 3,442 shares. 4,481 are held by Bessemer Grp. Invesco Ltd stated it has 0.09% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). 1,440 were accumulated by Everence Capital. Alphamark Advisors Llc invested 0% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Acropolis Inv Mngmt Ltd Llc accumulated 2,540 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.08% or 3,400 shares. Amundi Pioneer Asset Mngmt invested 0.02% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Thrivent Fincl For Lutherans has invested 0% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Bsw Wealth Partners has invested 0.32% in W.W. Grainger, Inc. (NYSE:GWW). Monarch Cap Mgmt invested in 0.13% or 1,482 shares.

More recent W.W. Grainger, Inc. (NYSE:GWW) news were published by: Seekingalpha.com which released: “Expected Dividend Increases In May 2018” on May 01, 2018. Also Streetinsider.com published the news titled: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” on May 15, 2018. Seekingalpha.com‘s news article titled: “How Far Could WW Grainger Fall?” with publication date: April 23, 2018 was also an interesting one.

Since January 11, 2018, it had 1 insider buy, and 4 sales for $7.92 million activity. The insider Brown Laura D sold 9,158 shares worth $2.13 million. Tapia Eric R had sold 216 shares worth $60,207. $50,020 worth of stock was bought by Watson Lucas E on Monday, February 5.

Among 20 analysts covering W.W. Grainger (NYSE:GWW), 4 have Buy rating, 4 Sell and 12 Hold. Therefore 20% are positive. W.W. Grainger had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by UBS on Tuesday, January 23. As per Monday, April 9, the company rating was maintained by BMO Capital Markets. Credit Suisse maintained W.W. Grainger, Inc. (NYSE:GWW) on Wednesday, October 18 with “Underperform” rating. BMO Capital Markets initiated the shares of GWW in report on Tuesday, April 5 with “Outperform” rating. The firm earned “Equal-Weight” rating on Monday, October 5 by Barclays Capital. The firm has “Equal Weight” rating given on Monday, November 16 by Barclays Capital. The rating was maintained by Barclays Capital on Monday, October 19 with “Equal Weight”. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, July 20. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Friday, December 18. The rating was maintained by Barclays Capital on Monday, April 18 with “Equal-Weight”.

Rbo & Co Llc, which manages about $284.00M and $397.84M US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 5,010 shares to 150,710 shares, valued at $12.61 million in 2017Q4, according to the filing. It also increased its holding in Abbvie Inc (NYSE:ABBV) by 4,158 shares in the quarter, for a total of 113,326 shares, and has risen its stake in Dominion Energy (NYSE:D).

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 earnings per share, up 4.11% or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.55 million for 11.22 P/E if the $0.76 EPS becomes a reality. After $0.78 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It is positive, 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. Lazard Asset Mgmt Limited Liability Corporation owns 92,001 shares for 0.01% of their portfolio. Bancshares Of New York Mellon owns 3.14 million shares. Pinnacle reported 0.03% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). 1.67 million are owned by Deutsche Fincl Bank Ag. Principal Inc has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN). Glenmede Tru Na owns 263,944 shares. Nelson Van Denburg And Campbell Wealth Mngmt Ltd Liability Corp reported 33 shares. Tower Capital Ltd (Trc), New York-based fund reported 8,083 shares. Jefferies Gru Ltd Limited Liability Company owns 187,993 shares or 0.04% of their US portfolio. Com Bank & Trust invested 0.03% in Franklin Resources, Inc. (NYSE:BEN). Barrett Asset Mgmt Ltd Liability Company accumulated 3,000 shares. Panagora Asset accumulated 48,370 shares or 0.01% of the stock. Polaris Cap Management Ltd Com reported 203,320 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems owns 29,232 shares for 0.02% of their portfolio. D E Shaw Incorporated reported 665,851 shares.

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. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Underweight” rating by Barclays Capital on Monday, April 23. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) on Tuesday, August 9 with “Underweight” rating. The firm has “Hold” rating given on Tuesday, January 26 by Deutsche Bank. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Tuesday, March 6 by Deutsche Bank. On Friday, September 8 the stock rating was initiated by Barclays Capital with “Underweight”. The company was maintained on Wednesday, October 5 by Deutsche Bank. The rating was maintained by Barclays Capital with “Underweight” on Thursday, February 4. The firm has “Underweight” rating by Morgan Stanley given on Friday, March 17. Susquehanna maintained the stock with “Neutral” rating in Thursday, September 3 report. Standpoint Research maintained the stock with “Hold” rating in Sunday, August 9 report.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Globenewswire.com, which released: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on May 08, 2018. Globenewswire.com‘s article titled: “Franklin Resources, Inc. Announces Second Quarter Results” and published on April 26, 2018 is yet another important article.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts