Franklin Resources Inc. (BEN)

27.29
NYSE : Finance
Prev Close 27.37
Day Low/High 27.26 / 27.87
52 Wk Low/High 26.85 / 35.82
Avg Volume 2.87M
Exchange NYSE
Shares Outstanding 503.67M
Market Cap 13.79B
EPS 1.40
P/E Ratio 10.21
Div & Yield 1.04 (3.74%)

Latest News

New Buy (and Short) Levels

I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the time comes to sell, y...

Houskeeping Items

I have reduced from very large-sized to medium-sized my investment management shorts. at $30.50 and at $105.80. I still like the short concept, but reward vs. risk has deteriorated - necessitating downsizing the positions.

Pressing BEN

Franklin Resources is down in a bullish tape and continues to underperform the market and its asset management peers. BEN was placed on my Best Ideas List (short) at $35.14 on April 11, 2019, and is currently trading at around $32/share. I have rece...

Updating My Recent Trading Activity

* Mr. Market is underpricing risk and I am trading and investing accordingly * I added new positions in DB and VXX * I sold my gold long GLD I have been increasingly active (and bearish) over the last week: * I have added to my bond short - now very...

Today's Trades

* Out of the balance of my small long. * Added to my large and shorts at $290.90 and $185.98, respectively. * Added to money manager shorts and at $34.42 and $107.20, respectively. * Added to short at $51.35. * Added to short at $200.07.

New Buy (and Short) Levels

* I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible "When the time comes to buy, you won't want to." - Walter Deemer I promised to update my "Level...

Today's Trades (Part Deux)

I have added to the following shorts today: , , , and . All of this are now large-sized.

Kass: 3 Spots of Vulnerability I Would Avoid in This Market

Kass: 3 Spots of Vulnerability I Would Avoid in This Market

I suggest avoiding all three over the next few months and over the remainder of the year.

Spots of Vulnerability (Asset Managers - Part Trois)

* Some fund managers are so desperate to attract capital that they are offering a negative fee model (that will pay investors to manage their money!) * A toxic cocktail is brewing in the money management space About a month and a half ago, Tobias Le...

Today's Trades

Today's trades included the purchase of and near-dated puts, and more shorts put on in Semis ( and ) and Asset Managers ( and ). I added to my large long. I liquidated my holdings in , and . As a result, I raised my net short exposure of my portfoli...

My Book

My long book is down to small positions in , , and . Mediums sized in . And large positions in (actually very large as I have been adding), , , , , L and . My short book includes small to medium sized positions in , , , , and large positions in and ...

Shorts Starting to Pay Off

Recent shorts such as T. Rowe Price , Franklin Resources , Micron Technology , Intel and Apple are beginning to pay off!  

A Disrupted Asset Management Sector Continues to Move Lower

For the third day in a row the asset managers, T. Rowe Price and Franklin Resources , are down. TROW and BEN are my latest shorts and part of my newest sector short.

Yesterday

"Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday" - The Beatles, Yesterday I was active trading yesterday. I added to my Index shorts ( and ) and to a number of individual equity sh...

Key Takeaways

With an hour to go, here are my key observations on the day: * Another smart rally off of the day's low (such a resilient market!) but not accompanied by a revival of breadth (which is now 1,175 advancers against 1,760 decliners). * Bonds rose by 1-...

Short People Got No Reason...

"Short people got no reason Short people got no reason Short people got no reason To live They got little hands And little eyes And they walk around Tellin' great big lies They got little noses And tiny little teeth They wear platform shoes On their...

Key Observations

Here are my key takeaways from today: * Mr. Market bent but didn't break. * Breadth was modestly negative (1,373 advancers, 1,555 decliners). * Bonds continue to point toward slowing economic activity in the U.S. and globally.  The yield on the 10-y...

Today's Trades

Shorted and . Added to my long.

Shorting Investment Managers

* A toxic cocktail is brewing in this space * I will be shorting BEN and TROW today and will be adding both to my Best Ideas List (short) Last week I participated in a Bull/Bear debate hosted by Citigroup's Tobias Levkovich. One of the questions Tob...

These 10 Asset Management Firms Are Also Solid Stocks

These 10 Asset Management Firms Are Also Solid Stocks

Wealth management firms remain worthy holdings for long-term portfolios.

It's All About the Benjamins With This Dividend Aristocrat

It's All About the Benjamins With This Dividend Aristocrat

Perhaps the most attractive aspect of Franklin Resources as a stock investment is the company's generous cash returns to shareholders.

Subscriber Comment of the Week

On a daily basis (and in real time!) we get great dialogue, value-added investment information and respectful debate in our Comments Section. Here is a vivid example: BillyBob • 6 hours ago Asset Managers getting hit today as Fidelity drops fees to ...

Intermediate Trade: Franklin Resources

Intermediate Trade: Franklin Resources

Fund managers should see BEN as a 'cash cow' that offers low risk, excellent reward.

Intermediate Trade: Franklin Resources

Intermediate Trade: Franklin Resources

I prefer a bullishly biased vertical call spread.

Some Emerging Markets Post Eye-Popping Growth Rates

Some Emerging Markets Post Eye-Popping Growth Rates

It is not too late for investors to join the emerging markets rally, but they must choose carefully.

Novice Trade: BEN

Novice Trade: BEN

I prefer a bullish call shooter.

The Good, the Bad and the Ugly (EarlyAfternoon Edition)

"It's not a joke, it's a rope, Tuco. Now I want you to get up there and put your head in that noose." -- Blondie, " The Good, the Bad and the Ugly" No "Takeaways" today as I want to spend some time with my family right after the close. So let's move...

Intermediate Trade: Franklin Resources

Intermediate Trade: Franklin Resources

I prefer a bullishly biased vertical call spread.