As Franklin Resources (BEN) Valuation Rose, Gallagher Fiduciary Advisors Has Trimmed Holding; Boston Family Office Decreased Kinder Morgan (KMI) Holding as Stock Price Rose

Franklin Resources, Inc. (NYSE:BEN) Logo

Boston Family Office Llc decreased its stake in Kinder Morgan (KMI) by 50.43% based on its latest 2019Q1 regulatory filing with the SEC. Boston Family Office Llc sold 73,095 shares as the company’s stock rose 7.47% with the market. The institutional investor held 71,851 shares of the public utilities company at the end of 2019Q1, valued at $1.44M, down from 144,946 at the end of the previous reported quarter. Boston Family Office Llc who had been investing in Kinder Morgan for a number of months, seems to be less bullish one the $48.20B market cap company. The stock increased 0.09% or $0.02 during the last trading session, reaching $21.29. About 9.22M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 21.03% since July 14, 2018 and is uptrending. It has outperformed by 16.60% the S&P500. Some Historical KMI News: 29/05/2018 – Globalnews.ca: #BREAKING: The federal Liberal government plans to spend $4.5 billion to buy the Trans Mountain pipeline and; 30/05/2018 – Canada Offers Lifeline for Kinder Morgan Pipeline (Video); 14/05/2018 – Kinder Morgan to Take Outcome of Shareholder Votes Into Consideration; 29/05/2018 – CANADA PM SAYS “THERE IS A VERY STRONG BUSINESS CASE” FOR THE KINDER MORGAN CANADA EXPANSION; 29/05/2018 – CANADA FINANCE MINISTER: TRANS MOUNTAIN PROJECT WILL NOT HAVE A FISCAL IMPACT; 18/04/2018 – Kinder Morgan 1Q Net $524M; 18/04/2018 – Kinder Morgan 1Q EPS 22c; 29/05/2018 – KINDER MORGAN INC – KINDER MORGAN CANADA LIMITED BOARD AGREED TO PURCHASE OF TRANS MOUNTAIN PIPELINE SYSTEM & EXPANSION PROJECT BY GOVERNMENT OF CANADA; 29/05/2018 – Kinder Morgan Expects About 70 % Share of Proceeds to Be About US$2 Billion; 24/05/2018 – $TRP.CA, KMI: B.C. Supreme Court rejects Squamish First Nation’s challenge of Kinder Morgan pipeline

Gallagher Fiduciary Advisors Llc decreased its stake in Franklin Resources Inc. (BEN) by 4.04% based on its latest 2019Q1 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 77,719 shares as the company’s stock rose 5.44% with the market. The institutional investor held 1.84M shares of the finance company at the end of 2019Q1, valued at $61.14 million, down from 1.92 million at the end of the previous reported quarter. Gallagher Fiduciary Advisors Llc who had been investing in Franklin Resources Inc. for a number of months, seems to be less bullish one the $17.86B market cap company. The stock increased 1.03% or $0.36 during the last trading session, reaching $35.19. About 2.32M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 1.07% since July 14, 2018 and is downtrending. It has underperformed by 5.50% the S&P500. Some Historical BEN News: 17/05/2018 – Turkey’s a Turn-Off for Franklin Templeton as Argentina Beckons; 15/03/2018 – Franklin Limited Duration Income Trust Declares Monthly Distribution; 11/04/2018 – Paulina Mejia Honored by Crain’s New York Business as one of the `Notable Women in Finance in NYC’; 02/05/2018 – Franklin Templeton – European Growth Adds Atea, Cuts Roche; 04/04/2018 – Suzanne E. Kline Joins Fiduciary Trust as Regional Managing Director for Northern California; 29/03/2018 – Templeton Emerging Markets Fund (“EMF”) Announces Results of the Reconvened Annual Meeting of Shareholders; 16/03/2018 – Franklin Templeton sold 1.2 trln won of Korea T-bonds this wk; 09/04/2018 – FRANKLIN RESOURCES INC – REPORTED PRELIMINARY MONTH-END AUM OF $737.5 BLN AT MARCH 31, COMPARED TO $744.9 BLN AT FEBRUARY 28; 25/04/2018 – Managing Director Michael Cabanas Elected to Orange Bowl Committee; 02/05/2018 – Franklin Templeton – European Adds Pandora, Exits Sky

More notable recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Finance.Yahoo.com which released: “Franklin Universal Trust Declares Monthly Distribution – Yahoo Finance” on June 18, 2019, also Seekingalpha.com with their article: “Franklin Templeton June AUM rises on market gains – Seeking Alpha” published on July 09, 2019, Globenewswire.com published: “Franklin Resources, Inc. Announces First Quarter Results – GlobeNewswire” on January 30, 2019. More interesting news about Franklin Resources, Inc. (NYSE:BEN) were released by: Finance.Yahoo.com and their article: “Gerard F. Joyce, Jr. Elected to Board of Samuel Waxman Cancer Research Foundation – Yahoo Finance” published on July 10, 2019 as well as Seekingalpha.com‘s news article titled: “Franklin Resources, Inc. (BEN) CEO Gregory Johnson on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” with publication date: April 26, 2019.

Investors sentiment increased to 1.01 in 2019 Q1. Its up 0.26, from 0.75 in 2018Q4. It is positive, as 39 investors sold BEN shares while 146 reduced holdings. 55 funds opened positions while 131 raised stakes. 237.00 million shares or 2.36% less from 242.74 million shares in 2018Q4 were reported. Pub Sector Pension Investment Board accumulated 0.01% or 24,713 shares. Barrett Asset Mgmt Ltd holds 3,000 shares or 0.01% of its portfolio. Sun Life Financial holds 502 shares or 0% of its portfolio. Walleye Trading Limited Liability Company stated it has 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Westpac Bk reported 0% stake. Baystate Wealth Mngmt Llc accumulated 61 shares. 11,987 are held by Wesbanco Commercial Bank. Renaissance Techs Limited Company has 0% invested in Franklin Resources, Inc. (NYSE:BEN). Rampart Investment Mngmt Ltd has 0.01% invested in Franklin Resources, Inc. (NYSE:BEN) for 2,706 shares. Moreover, Finance Group has 0.67% invested in Franklin Resources, Inc. (NYSE:BEN). Tci Wealth Advsr Incorporated has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 34 shares. Hightower Lc holds 149,713 shares. Reilly Fincl Limited Liability holds 217 shares. 18,701 are held by Creative Planning. Adage Cap Gp has invested 0.03% of its portfolio in Franklin Resources, Inc. (NYSE:BEN).

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 26. They expect $0.63 earnings per share, down 16.00% or $0.12 from last year’s $0.75 per share. BEN’s profit will be $319.76M for 13.96 P/E if the $0.63 EPS becomes a reality. After $0.72 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Seekingalpha.com which released: “Kinder Morgan Q1 2019 Earnings Preview – Seeking Alpha” on April 16, 2019, also Fool.com with their article: “This Super-Cheap High-Yield Stock Could Have Enormous Upside – The Motley Fool” published on June 22, 2019, Seekingalpha.com published: “Kinder Morgan: Upstream Growth Driving DCF Growth – Seeking Alpha” on April 08, 2019. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Fool.com and their article: “3 Stocks to Hold for the Next 20 Years – The Motley Fool” published on June 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Kinder Morgan, Inc.’s (NYSE:KMI) CEO Pay Fair? – Yahoo Finance” with publication date: June 17, 2019.

Analysts await Kinder Morgan, Inc. (NYSE:KMI) to report earnings on July, 17. They expect $0.23 EPS, up 9.52% or $0.02 from last year’s $0.21 per share. KMI’s profit will be $520.66M for 23.14 P/E if the $0.23 EPS becomes a reality. After $0.25 actual EPS reported by Kinder Morgan, Inc. for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.

Investors sentiment increased to 1.28 in 2019 Q1. Its up 0.19, from 1.09 in 2018Q4. It is positive, as 65 investors sold KMI shares while 250 reduced holdings. 90 funds opened positions while 314 raised stakes. 1.36 billion shares or 0.49% more from 1.35 billion shares in 2018Q4 were reported. 1.08M were accumulated by Penn Davis Mcfarland. Oregon Pub Employees Retirement Fund accumulated 470,288 shares or 0.13% of the stock. Oxbow Ltd Liability owns 282,607 shares. Fjarde Ap owns 0.16% invested in Kinder Morgan, Inc. (NYSE:KMI) for 642,023 shares. Exane Derivatives has invested 0% in Kinder Morgan, Inc. (NYSE:KMI). Tocqueville Asset Mngmt LP reported 0.08% stake. Boys Arnold And has invested 0.07% in Kinder Morgan, Inc. (NYSE:KMI). Robeco Institutional Asset Bv reported 0.09% stake. Kempner Cap Mgmt has invested 0.37% in Kinder Morgan, Inc. (NYSE:KMI). Mcrae Management has invested 3.14% in Kinder Morgan, Inc. (NYSE:KMI). State Of Tennessee Treasury Department has invested 0.2% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Webster Bancshares N A invested 0% in Kinder Morgan, Inc. (NYSE:KMI). Utd Services Automobile Association has 735,817 shares for 0.04% of their portfolio. Gamco Investors Incorporated Et Al has 0% invested in Kinder Morgan, Inc. (NYSE:KMI) for 22,752 shares. Amer Interest Gru invested in 0.07% or 871,092 shares.

Boston Family Office Llc, which manages about $1.02 billion and $925.33M US Long portfolio, upped its stake in Adobe Inc (NASDAQ:ADBE) by 3,061 shares to 5,443 shares, valued at $1.45M in 2019Q1, according to the filing. It also increased its holding in Visa Inc Class A (NYSE:V) by 11,121 shares in the quarter, for a total of 106,957 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.