Franklin Resources, Inc. (BEN)

21.90
0.02 0.09
NYSE
Prev Close 21.88
Open 21.76
Day Low/High 21.51 / 21.89
52 Wk Low/High 14.91 / 30.20
Volume 229.48K
Exchange NYSE
Shares Outstanding 495.36B
Market Cap 10.90B
P/E Ratio 10.74
Div & Yield N.A. (N.A)

Latest News

Buy a Dividend Aristocrat at a 10-Year Low

Buy a Dividend Aristocrat at a 10-Year Low

For value and income investors, these shares have more than twice the average dividend yield of the S&P 500 Index.

Housekeeping Items

I am taking ($260), ($114.40), ($21.50), ($50) and ($119) off of my Best Ideas (short) List.

Housekeeping Items

I have covered small shorts in , and on the opening. Getting ever more liquid.

Liquid

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

From The Street of Dreams

Credit Suisse lowers its price target on Franklin Resources (on my Best Ideas List -- short): Following F4Q19 results, we are lowering our 2020/21 EPS estimates to $2.35/$2.26 from $2.45/$2.42 due mainly to a lower revenue forecast (driven by negati...

In a Richly-Valued Market, Bank Stocks Represent Uncommon Value Under Almost Any Time Frame (Part Trois)

* Bank earnings, to begin to be reported this morning, will mostly be in line to modestly higher than consensus expectations. * In this quarter, bank EPS will begin to improve and grow relative to the S&P - with flat to slightly higher operating pro...

My Outlook for the Market's Major Sectors

* Only three of eleven S&P sectors are viewed as attractive * I am in a risk off state of mind. Back in 2015 I instituted a new regular feature called "Sectors," in which I periodically offered my short-term (6-12 months) price outlook for each of t...

Reducing My Franklin Resources Short

* BEN has reached my first price objective Franklin Resources was shorted and placed on my Best Ideas List (short) in mid-April 2019 at $35.14. The shares are currently trading at $25.80 and I have moved from very large-sized to small-sized. Here is...

Short Plans

My favorite short sector investment managers (Franklin Templeton Investments  and  T. Rowe Price Group Inc  ) are rolling over, again. My short thesis.     

Investment Management Stocks Get Hit Again

My favorite short sector remains the investment management stocks - and . The stocks are rolling over. I am large-sized in both and recently added to BEN.  BEN, in particular is now breaking down badly - down by another -3% to a new recent low of $2...

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...