Price Michael F Cut Franklin Resources (BEN) Stake as Market Valuation Declined; Morgan Dempsey Capital Management Trimmed Oil States International (OIS) Stake as Share Price Declined

April 18, 2018 - By Maria Brooks

Franklin Resources, Inc. (NYSE:BEN) Logo

Morgan Dempsey Capital Management Llc decreased its stake in Oil States International Inc. (OIS) by 2.23% based on its latest 2017Q4 regulatory filing with the SEC. Morgan Dempsey Capital Management Llc sold 536 shares as the company’s stock declined 7.43% with the market. The hedge fund held 23,488 shares of the energy company at the end of 2017Q4, valued at $664.71 million, down from 24,024 at the end of the previous reported quarter. Morgan Dempsey Capital Management Llc who had been investing in Oil States International Inc. for a number of months, seems to be less bullish one the $1.86 billion market cap company. The stock increased 0.16% or $0.05 during the last trading session, reaching $31. About 708,739 shares traded. Oil States International, Inc. (NYSE:OIS) has declined 14.54% since April 18, 2017 and is downtrending. It has underperformed by 26.09% the S&P500.

Michael Price decreased its stake in Franklin Resources Inc. (BEN) by 31.31% based on its latest 2017Q4 regulatory filing with the SEC. Price Michael F sold 108,800 shares as the company’s stock declined 14.35% with the market. The hedge fund run by Michael Price held 238,730 shares of the finance company at the end of 2017Q4, valued at $10.34M, down from 347,530 at the end of the previous reported quarter. Price Michael F who had been investing in Franklin Resources Inc. for a number of months, seems to be less bullish one the $18.40B market cap company. The stock increased 0.38% or $0.13 during the last trading session, reaching $33.97. About 4.41 million shares traded or 17.90% up from the average. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since April 18, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Since February 22, 2018, it had 0 insider buys, and 1 insider sale for $152.78 million activity.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.35, from 0.99 in 2017Q3. It increased, as 18 investors sold OIS shares while 46 reduced holdings. 27 funds opened positions while 59 raised stakes. 57.20 million shares or 4.19% more from 54.90 million shares in 2017Q3 were reported. Citadel Advsrs stated it has 10,860 shares or 0% of all its holdings. Japan-based Sumitomo Mitsui Inc has invested 0% in Oil States International, Inc. (NYSE:OIS). Susquehanna Group Llp owns 41,553 shares. Bankshares Of Montreal Can reported 0% stake. California Pub Employees Retirement Sys owns 170,681 shares for 0.01% of their portfolio. State Street Corporation stated it has 2.00 million shares or 0% of all its holdings. Profund Advisors Limited Liability Co holds 0.01% or 8,100 shares. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 12,840 shares. Swiss Natl Bank owns 0% invested in Oil States International, Inc. (NYSE:OIS) for 84,700 shares. The Pennsylvania-based Brandywine Glob Limited Com has invested 0.02% in Oil States International, Inc. (NYSE:OIS). Fincl Bank Of America De owns 134,552 shares. First Mercantile Comm, a Tennessee-based fund reported 8,320 shares. D E Shaw And Communications accumulated 137,111 shares. Maryland-based Price T Rowe Associates Md has invested 0% in Oil States International, Inc. (NYSE:OIS). Highland Cap Limited Partnership reported 10,650 shares or 0.01% of all its holdings.

Analysts await Oil States International, Inc. (NYSE:OIS) to report earnings on April, 25. They expect $-0.14 EPS, up 58.82% or $0.20 from last year’s $-0.34 per share. After $-0.18 actual EPS reported by Oil States International, Inc. for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

Among 21 analysts covering Oil States (NYSE:OIS), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Oil States had 72 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, August 1. JP Morgan upgraded the shares of OIS in report on Wednesday, December 7 to “Overweight” rating. As per Thursday, March 31, the company rating was upgraded by Piper Jaffray. The stock of Oil States International, Inc. (NYSE:OIS) has “Hold” rating given on Tuesday, September 5 by BMO Capital Markets. The stock has “Neutral” rating by Credit Suisse on Friday, September 4. As per Monday, October 30, the company rating was maintained by Cowen & Co. As per Thursday, August 20, the company rating was initiated by Deutsche Bank. BMO Capital Markets maintained Oil States International, Inc. (NYSE:OIS) on Wednesday, October 11 with “Hold” rating. The stock of Oil States International, Inc. (NYSE:OIS) has “Sector Perform” rating given on Friday, April 29 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, January 18 by SunTrust.

Morgan Dempsey Capital Management Llc, which manages about $340.50M and $311.19 billion US Long portfolio, upped its stake in Mcdonald’s Corporation (NYSE:MCD) by 621 shares to 48,391 shares, valued at $8.33 billion in 2017Q4, according to the filing. It also increased its holding in Kimberly (NYSE:KMB) by 512 shares in the quarter, for a total of 42,087 shares, and has risen its stake in Digital Realty Trust Inc. (NYSE:DLR).

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It improved, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. 1.50M were reported by Los Angeles Cap & Equity Inc. Twin Mngmt Inc has 0.12% invested in Franklin Resources, Inc. (NYSE:BEN). Jlb Associates accumulated 0.21% or 22,352 shares. Rhumbline Advisers owns 719,662 shares or 0.06% of their US portfolio. Moreover, Atria Investments Limited Co has 0.01% invested in Franklin Resources, Inc. (NYSE:BEN). Charter owns 7,961 shares. Qci Asset Incorporated New York owns 33 shares. Ledyard State Bank reported 0% in Franklin Resources, Inc. (NYSE:BEN). New York-based Goldman Sachs Grp has invested 0.05% in Franklin Resources, Inc. (NYSE:BEN). Andra Ap stated it has 0.1% in Franklin Resources, Inc. (NYSE:BEN). Ellington Mgmt Limited Liability reported 0.05% in Franklin Resources, Inc. (NYSE:BEN). Fukoku Mutual Life Ins reported 0.02% in Franklin Resources, Inc. (NYSE:BEN). Proshare Advsrs holds 1.59 million shares. Silvercrest Asset Lc reported 15,929 shares. Stifel has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN).

Since October 30, 2017, it had 0 insider purchases, and 2 sales for $4.61 million activity.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on April, 26 before the open. They expect $0.75 EPS, up 1.35% or $0.01 from last year’s $0.74 per share. BEN’s profit will be $406.28 million for 11.32 P/E if the $0.75 EPS becomes a reality. After $0.88 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -14.77% negative EPS growth.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 95 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, August 17 by Deutsche Bank. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by Citigroup on Friday, June 9. The stock has “Underperform” rating by Bank of America on Tuesday, March 15. The rating was maintained by Keefe Bruyette & Woods on Wednesday, July 5 with “Hold”. The company was maintained on Thursday, September 3 by Susquehanna. On Friday, August 7 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Friday, October 27 by Wells Fargo. The firm has “Underweight” rating by Morgan Stanley given on Friday, March 17. As per Friday, September 1, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Friday, February 24 by Deutsche Bank.

Price Michael F, which manages about $804.57M US Long portfolio, upped its stake in Trinity Place Holdings Inc. (TPHS) by 57,560 shares to 4.32 million shares, valued at $29.99 million in 2017Q4, according to the filing. It also increased its holding in The Macerich Company (NYSE:MAC) by 50,000 shares in the quarter, for a total of 100,000 shares, and has risen its stake in Tejon Ranch Co. (NYSE:TRC).

Oil States International, Inc. (NYSE:OIS) Institutional Positions Chart

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