Proshare Advisors Reduces $17M in Franklin Resources, Inc. ($BEN)
Key Points
- Proshare Advisors changed its Franklin Resources, Inc. ($BEN) stake by 7.4% last quarter, cutting to 6,556,326 shares worth $208.56 million.
- Wall Street's consensus rating on $BEN is Hold and an average price target of $31.23.
- $BEN last traded around $31.81.
Proshare Advisors trimmed its position in Franklin Resources, Inc. ($BEN) by 7.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,556,326 shares of Franklin Resources, Inc. after selling 526,842 shares during the quarter. Proshare Advisors's holdings in Franklin Resources, Inc. were worth $208.56 million as of its most recent filing.
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About Franklin Resources, Inc.
Franklin Resources, Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.
See Also
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