Franklin Resources, Inc. (BEN)

Prev Close 32.24
Day Low/High 31.36 / 31.92
52 Wk Low/High 17.97 / 35.94
Exchange NYSE
Shares Outstanding 504.32B
Market Cap 16.26B
P/E Ratio 16.65
Div & Yield N.A. (N.A)

More Fast Times on "Fast Money" High

I discussed potential winners and losers if interest rates rise in the year ahead. "This is U.S. history. I see the globe right there." -- Jeff Spicoli (Sean Penn), Fast Times at Ridgemont High In last night's "Fast Money" segment with Mel and the g...

The Bottom for Asset Managers

Stocks typically discount news well before there is an inflection point in fundamentals -- I'd be a buyer now. The asset management sector has been weak over the past few days based on misses at Legg Mason (LM) and Waddell & Reed (WDR). Those misses...

From the Street of Dreams

Citigroup cuts its rating on Franklin Resources. On Jan. 6, I posted that concerned with the firm's exposure to poor-performing EU fixed-income markets, I sold my long Franklin Resources (BEN) position and moved the money into T. Rowe Price (TROW), ...

Franklin Resources downgraded at KBW

Gave BEN the Boot

But I have raised my positions in Legg Mason, T. Rowe Price, Och-Ziff Capital Management and Waddell & Reed to make up the difference. Housekeeping item: I have eliminated my long Franklin Resources (BEN) position and have raised Legg Mason (LM), T....

Better Than BEN

T. Rowe and Och-Ziff aren't as exposed to sovereign debt in Europe. I am emphasizing T. Rowe Price (TROW) and Och-Ziff Capital Management (OZM) over Franklin Resources (BEN) in the asset manager space now, as I am increasingly concerned about Frankl...

Portfolio Moves

I added to 13 longs and only one short. I added to the following longs today: Financial Select Sector SPDR (XLF), XL Group (XL), T. Rowe Price (TROW), SunTrust (STI), Prudential (PRU), Och-Ziff Capital Management (OZM), MetLife (MET), Lincoln Nation...

Favorite Sector Long and Short

My favorite sector to buy is the asset managers, and my favorite sector to short is the dental stocks. Favorite sector (long): asset managers. Favorite sector (short): dental stocks.

Most Bullish on Asset Managers

I am long Franklin Resources, Waddell & Reed, Legg Mason and T. Rowe Price.  Surprise No. 11: Mutual fund inflows return in force. With confidence renewed, domestic equity inflows begin to pour into equity mutual funds by midyear and approach a $100...

Getting My Wish

Sometimes they come true. This sort of low-volume selloff is exactly what I hoped for as I continue to increase my net long exposure. My buying today has been broad based - including SPDR S&P 500 ETF Trust (SPY) PowerShares QQQ (QQQ)  Financial Sele...

Buying the Dip

I have added to a basket of longs. I am treating today's swoosh lower as an opportunity to add to my net long exposure. Thus far I have added small to Financial Select Sector SPDR (XLF), Waddell & Reed (WDR), T. Rowe Price (TROW), SunTrust (STI), Me...

Adding to Insurance Longs

Specifically, Lincoln National, MetLife and Franklin Resources. I adding to Lincoln National (LNC), MetLife (MET) and Franklin Resources (BEN) now.

Added to Asset Manager Longs

See surprise No. 11 to find out why. In this morning's "15 Surprises for 2012," I add a new feature following each surprise in which I express a way that an investor/trader can capitalize upon the surprise. Toward that end, see surprise No. 11 to fi...

15 Surprises for 2012

15 Surprises for 2012

What surprises might occur in 2012 -- and how can we profit?

15 Surprises for 2012

15 Surprises for 2012

What surprises might occur in 2012 -- and how can we profit?

15 Surprises for 2012

What surprises might occur in 2012 -- and how can we profit? "Never make predictions, especially about the future." -- Casey Stengel While I had a reasonably successful surprise list for 2011, with about half my surprises coming to fruition, the rea...

Added to Some Longs

They include International Flavors & Fragrances, GLD, Franklin Resources and Lincoln National. I added to International Flavors & Fragrances (IFF), SPDR Gold Trust (GLD), Franklin Resources (BEN) and Lincoln National (LNC) today.

BEN Is a Buy

BEN Is a Buy

BEN is another high-caliber, dividend-paying issue at very close to its panic low price from earlier this fall -- I see upside from here.

How to Play the Asset Rotation

Be short bonds, and be long asset managers. The grand rotation out of bonds and into stocks might have commenced. How to play it? Be short bonds (and long ProShares UltraShort 20+ Year Treasury (TBT)), and be long the asset managers (Franklin Resour...

BEN Boosts Buyback

The compnay plans to repurchase 10 million shares in addition to the 3 million shares remaining on its current program. Franklin Resources (BEN) has disclosed a 10-million-share repurchase program in its just-released 8-K. This is in addition to the...

Expanding Long Exposure

I am adding to my Legg Mason, GE, FXI, Franklin Resources and Dell longs. I am further expanding my long exposure this morning with buys of Legg Mason (LM), General Electric (GE), iShares FTSE/Xinhua China 25 Index Fund (FXI), Franklin Resources (BE...

Still Betting on Asset Managers

My favorites are Franklin Resources, Legg Mason and T. Rowe Price. I continue to pick at the asset managers, with my favorite stocks being Franklin Resources (BEN), Legg Mason (LM) and T. Rowe Price (TROW). As I have previously written, I expect a l...

Doug's Daily Diary -- Tuesday, 11/15/2011

Doug's Daily Diary -- Tuesday, 11/15/2011

Farming in the DELL

Doug's Daily Diary -- Monday, 11/14/2011

Doug's Daily Diary -- Monday, 11/14/2011

Bulls Have the Day

Doug's Daily Diary -- Friday, 11/11/2011

Doug's Daily Diary -- Friday, 11/11/2011

Ludicrous Forecast