Franklin Resources, Inc. $BEN Holdings Trimmed by Lighthouse Investment Partners LLC

NodeGuardian

2026-03-17 10:57:07

Abstract generation in progress

Lighthouse Investment Partners LLC significantly reduced its stake in Franklin Resources, Inc. (NYSE:BEN) by 36.6% in the third quarter, selling 121,931 shares and retaining 211,592 shares valued at approximately $4.89 million. Despite beating EPS estimates with $0.70, Franklin Resources missed revenue expectations at $1.75 billion, while also declaring a quarterly dividend of $0.33, which annualizes to a 5.4% yield but reflects a high payout ratio of 122.22%. Analysts currently hold a “Reduce” consensus rating for the company with a price target of $25.89, indicating mixed sentiments among brokers.

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