Johnson & Johnson (JNJ) Shareholder Greatmark Investment Partners Has Lowered Holding by $720,020; As Franklin Resources (BEN) Valuation Declined, Shareholder Gallagher Fiduciary Advisors Decreased Its Position

April 26, 2018 - By Richard Conner

Franklin Resources, Inc. (NYSE:BEN) Logo

Gallagher Fiduciary Advisors Llc decreased its stake in Franklin Resources Inc. (BEN) by 2.44% based on its latest 2017Q4 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 45,737 shares as the company’s stock declined 14.35% with the market. The institutional investor held 1.83 million shares of the finance company at the end of 2017Q4, valued at $79.08 million, down from 1.87M 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 $18.27 billion market cap company. The stock increased 0.45% or $0.15 during the last trading session, reaching $33.73. About 2.34M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since April 26, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Greatmark Investment Partners Inc decreased its stake in Johnson & Johnson (JNJ) by 6.81% based on its latest 2017Q4 regulatory filing with the SEC. Greatmark Investment Partners Inc sold 5,180 shares as the company’s stock declined 9.21% with the market. The institutional investor held 70,881 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $9.90M, down from 76,061 at the end of the previous reported quarter. Greatmark Investment Partners Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $345.50B market cap company. The stock increased 1.60% or $2.03 during the last trading session, reaching $128.79. About 2.93M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 26, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Greatmark Investment Partners Inc, which manages about $285.51 million and $275.91M US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 76,804 shares to 77,304 shares, valued at $5.54 million in 2017Q4, according to the filing. It also increased its holding in Target Corp (NYSE:TGT) by 96,280 shares in the quarter, for a total of 97,080 shares, and has risen its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. On Friday, September 22 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 18. The firm has “Sell” rating given on Wednesday, September 20 by Goldman Sachs. The firm has “Outperform” rating given on Tuesday, August 25 by Cowen & Co. The firm earned “Buy” rating on Wednesday, October 11 by Jefferies. The stock of Johnson & Johnson (NYSE:JNJ) has “Market Perform” rating given on Thursday, January 26 by Wells Fargo. As per Friday, June 16, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Thursday, August 31 by BMO Capital Markets. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Jefferies on Friday, July 14. As per Tuesday, January 2, the company rating was downgraded by JP Morgan.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity.

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.04, from 0.83 in 2017Q3. It increased, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Telemus Cap Ltd Co owns 32,257 shares. Ontario Teachers Pension Plan Board has 0.13% invested in Johnson & Johnson (NYSE:JNJ) for 75,783 shares. Rhumbline Advisers reported 1.27% stake. Arrow owns 59,463 shares. Allen Investment Ltd Co has invested 0.29% in Johnson & Johnson (NYSE:JNJ). First Mercantile Tru has invested 0.32% in Johnson & Johnson (NYSE:JNJ). Richard Bernstein Advsr Limited Liability holds 0.6% or 98,314 shares. Albion Fin Ut holds 26,865 shares or 0.57% of its portfolio. Stewart And Patten Limited Company stated it has 218,305 shares. Patriot Wealth Mgmt accumulated 97,529 shares or 1.93% of the stock. Texas-based Cadence State Bank Na has invested 3.05% in Johnson & Johnson (NYSE:JNJ). Associated Banc invested in 195,575 shares. Natl Invest Svcs Wi stated it has 3.08% of its portfolio in Johnson & Johnson (NYSE:JNJ). Karpus has 0.02% invested in Johnson & Johnson (NYSE:JNJ). Godshalk Welsh Capital Mngmt has 14,500 shares for 2.05% of their portfolio.

Since October 30, 2017, it had 0 insider buys, and 2 selling transactions for $4.61 million activity.

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 96 analyst reports since July 31, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, June 1 with “Hold” rating. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Wednesday, October 5 with “Hold” rating. Credit Suisse downgraded Franklin Resources, Inc. (NYSE:BEN) rating on Monday, January 4. Credit Suisse has “Underperform” rating and $37 target. The firm has “Neutral” rating given on Monday, October 5 by JP Morgan. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by UBS on Monday, July 31. As per Tuesday, March 15, the company rating was downgraded by Bank of America. The rating was maintained by Citigroup with “Neutral” on Friday, October 27. Deutsche Bank maintained it with “Hold” rating and $31 target in Tuesday, January 26 report. On Monday, April 23 the stock rating was maintained by Barclays Capital with “Underweight”.

Investors sentiment increased to 0.85 in 2017 Q4. Its up 0.01, from 0.84 in 2017Q3. It increased, 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. Bbva Compass Commercial Bank holds 70,388 shares. Shelton Capital Management reported 369,167 shares. Adage Capital Prns Grp Inc Limited Com holds 0.02% in Franklin Resources, Inc. (NYSE:BEN) or 232,700 shares. Ibm Retirement Fund holds 4,968 shares. Zebra Capital Mngmt Ltd Llc holds 31,114 shares or 0.46% of its portfolio. State Street holds 0.06% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 18.59M shares. 3,000 were accumulated by Barrett Asset Mngmt Ltd Liability Corp. Arrowmark Colorado Limited reported 0.01% in Franklin Resources, Inc. (NYSE:BEN). 9,148 are owned by Horizon Kinetics Ltd Limited Liability Company. Schwab Charles Investment invested in 0.05% or 1.37 million shares. Amundi Pioneer Asset Management Incorporated invested 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Stone Ridge Asset Mgmt Ltd holds 35,926 shares. Gulf Interest Financial Bank (Uk) invested in 0.06% or 103,706 shares. First Quadrant Ltd Partnership Ca invested in 0.13% or 160,914 shares. Gardner Russo Gardner Lc stated it has 775 shares or 0% of all its holdings.

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

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