Asset Management One Co. Ltd. Sells Shares of Franklin Resources, Inc. (NYSE:BEN)

2 min read | February 20, 2025 02:18 AM PST | By Team Kalkine Media

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Asset Management One Co. Ltd. Sells Shares of Franklin Resources, Inc. (NYSE:BEN) — Image source: Shutterstock

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Highlights

Asset Management One Co. Ltd. reduced its stake in Franklin Resources by 3.3% in Q4, with the stock valued at $2.2 million.

Other major investors, including Exchange Traded Concepts LLC and Blue Trust Inc., adjusted their positions significantly during the third quarter.

Franklin Resources reported a $0.59 EPS for the quarter and announced a quarterly dividend of $0.32 per share, with several analysts offering updated price targets and ratings.

Asset Management One Co. Ltd. reported a decrease in its stake in Franklin Resources, Inc. (NYSE:BEN) by 3.3% in the fourth quarter. The firm now owns 106,715 shares, reflecting the sale of 3,679 shares during this period, with the holdings valued at approximately $2.2 million. This adjustment was presented in their latest filing with the Securities and Exchange Commission.

Numerous hedge funds and institutional investors have made strategic changes to their positions in Franklin Resources. Notably, Exchange Traded Concepts LLC increased its stake by over 300% in the third quarter, while Blue Trust Inc. significantly raised its own position by nearly 125%. Additionally, Allspring Global Investments Holdings LLC grew its holdings by 8.7%. These changes showcase a dynamic investor interest in the company.

The stock of Franklin Resources opened at $20.90 recently, with a market capitalization nearing $11 billion. The company reported a quarterly dividend declaration, set at $0.32 per share, translating to an annualized dividend yield of 6.13%. Analysts have released varied price targets and ratings, including actions from UBS Group, JPMorgan Chase & Co., and Goldman Sachs Group, indicating a broadly neutral sentiment.

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