Pampa Energia S A (PAM) Shareholder Uss Investment Management LTD Trimmed Stake by $3.42 Million; Trust Department Mb Financial Bank N A Has Trimmed Franklin Resources (BEN) Holding by $1.00 Million

June 18, 2018 - By Richard Conner

Pampa Energía S.A. (NYSE:PAM) Logo

Uss Investment Management Ltd decreased its stake in Pampa Energia S A (PAM) by 18.19% based on its latest 2018Q1 regulatory filing with the SEC. Uss Investment Management Ltd sold 60,000 shares as the company’s stock declined 19.34% with the market. The institutional investor held 269,765 shares of the central company at the end of 2018Q1, valued at $15.39M, down from 329,765 at the end of the previous reported quarter. Uss Investment Management Ltd who had been investing in Pampa Energia S A for a number of months, seems to be less bullish one the $3.64 billion market cap company. The stock increased 0.55% or $0.24 during the last trading session, reaching $44.25. About 635,578 shares traded or 47.37% up from the average. Pampa Energía S.A. (NYSE:PAM) has declined 16.15% since June 18, 2017 and is downtrending. It has underperformed by 28.72% the S&P500. Some Historical PAM News: 11/05/2018 – Pampa Energia 1Q Rev ARS19.4B; 12/03/2018 – PAMPA ENERGIA 4Q ADJ EBITDA ARS5.18B; 14/03/2018 – NTS Communications Brings Fiber Internet & Phone Services to Pampa, TX; 19/03/2018 – PAMPA SAYS DEAL REACHED W/ ECUADOR ON 18 BLOCK $176M DISPUTE; 13/03/2018 – REFILE-PAMPA ENERGIA SA PAM.N : MORGAN STANLEY RAISES TO OVERWEIGHT FROM EQUAL-WEIGHT (ADDS REUTERS INSTRUMENT CODE); 11/05/2018 – Pampa Energia 1Q Net ARS3.85B; 12/03/2018 – PAMPA ENERGIA 4Q REV. ARS13.98B, EST. ARS18.29B; 23/05/2018 – DJ Symbol for Pampa Energia S.A. (PESA.BA) Now PAMP.BA; 17/05/2018 – NUTRIEN UNIT AND PONCE’S PAMPA VOTED IN FAVOR OF SQM CHANGES; 11/05/2018 – PAMPA ENERGIA 1Q ADJ EBITDA ARS7.70B




Trust Department Mb Financial Bank N A decreased its stake in Franklin Resources Inc (BEN) by 22.73% based on its latest 2018Q1 regulatory filing with the SEC. Trust Department Mb Financial Bank N A sold 29,444 shares as the company’s stock declined 7.18% with the market. The institutional investor held 100,105 shares of the finance company at the end of 2018Q1, valued at $3.47 million, down from 129,549 at the end of the previous reported quarter. Trust Department Mb Financial Bank N A who had been investing in Franklin Resources Inc for a number of months, seems to be less bullish one the $18.35 billion market cap company. The stock increased 2.44% or $0.81 during the last trading session, reaching $33.96. About 7.28M shares traded or 108.65% up from the average. Franklin Resources, Inc. (NYSE:BEN) has declined 11.32% since June 18, 2017 and is downtrending. It has underperformed by 23.89% the S&P500. Some Historical BEN News: 26/04/2018 – Yahoo! Finance: Franklin Resources: Fiscal 2Q Earnings Snapshot; 08/03/2018 – FRANKLIN RESOURCES REPORTS FEB. AUM $744.9B; 11/04/2018 – Paulina Mejia Honored by Crain’s New York Business as one of the `Notable Women in Finance in NYC’; 10/05/2018 – Franklin Templeton Adds Union Pacific, Exits GE, Cuts CIBC: 13F; 12/03/2018 – Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution; 20/03/2018 – FRANKLIN TEMPLETON BUYS DATA SCIENCE INVESTMENT; NO TERMS; 26/04/2018 – Franklin Resources 2Q Rev $1.62B; 01/05/2018 – Gen X Women Are Most Concerned About Achieving Retirement Income Goals, Franklin Templeton Investments Survey Finds; 02/05/2018 – Franklin Templeton – Japan Adds Ono Pharma, Cuts MUFG; 16/05/2018 – Macron No Messiah as Franklin Templeton Bets on Poland Instead

Trust Department Mb Financial Bank N A, which manages about $875.22M US Long portfolio, upped its stake in Lazard Emerging Markets Equity Fund (638) (LZEMX) by 206,325 shares to 2.43M shares, valued at $49.75 million in 2018Q1, according to the filing. It also increased its holding in Chevron Corp (NYSE:CVX) by 6,586 shares in the quarter, for a total of 13,786 shares, and has risen its stake in Mb Financial Inc (NASDAQ:MBFI).

Investors sentiment decreased to 0.82 in Q1 2018. Its down 0.03, from 0.85 in 2017Q4. It worsened, as 56 investors sold BEN shares while 176 reduced holdings. 52 funds opened positions while 139 raised stakes. 244.47 million shares or 1.22% less from 247.49 million shares in 2017Q4 were reported. Burgundy Asset Mgmt reported 27,466 shares. 8,400 were reported by Rand Wealth Lc. State Board Of Administration Of Florida Retirement System stated it has 486,354 shares. Guggenheim Ltd Co accumulated 956,313 shares or 0.08% of the stock. Clearbridge Invests Limited Liability Company stated it has 0% in Franklin Resources, Inc. (NYSE:BEN). Aqr Mgmt accumulated 2.85M shares. Welch & Forbes Limited Liability Com holds 0.24% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 269,632 shares. Balyasny Asset Mgmt Ltd Liability holds 44,591 shares. Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.08% in Franklin Resources, Inc. (NYSE:BEN). Raymond James And Assoc invested in 0.01% or 235,208 shares. The Massachusetts-based Grantham Mayo Van Otterloo Limited Liability has invested 0.03% in Franklin Resources, Inc. (NYSE:BEN). Rothschild Inv Corp Il owns 7,255 shares. Shelter Mutual Insur holds 101,210 shares or 1.05% of its portfolio. Global X Mgmt Lc reported 0% in Franklin Resources, Inc. (NYSE:BEN). Cibc Mkts has 60,161 shares.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 earnings per share, up 4.11% or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.55 million for 11.17 P/E if the $0.76 EPS becomes a reality. After $0.78 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56% 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 96 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Monday, July 24. The firm earned “Hold” rating on Wednesday, October 7 by Jefferies. The firm has “Underperform” rating given on Monday, January 4 by Credit Suisse. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Hold”. Bank of America upgraded the stock to “Buy” rating in Thursday, March 16 report. The rating was maintained by UBS with “Neutral” on Monday, July 31. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Hold” rating by Jefferies on Thursday, August 17. The stock has “Neutral” rating by Citigroup on Thursday, June 9. Citigroup maintained it with “Neutral” rating and $43 target in Friday, June 9 report. The firm earned “Underperform” rating on Tuesday, March 15 by Bank of America.

More important recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Nasdaq.com which released: “Templeton Emerging Markets Income Fund (“TEI”) Announces Distribution and Change to Distribution Policy” on June 15, 2018, also Globenewswire.com published article titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management”, Seekingalpha.com published: “Trading Mistake 10 – Keep It Simple, Stupid” on June 12, 2018. More interesting news about Franklin Resources, Inc. (NYSE:BEN) was released by: Globenewswire.com and their article: “Franklin Templeton Lists Three New Fixed Income Active ETFs” with publication date: June 04, 2018.

Uss Investment Management Ltd, which manages about $9.01 billion US Long portfolio, upped its stake in Marsh & Mclennan Cos Inc (NYSE:MMC) by 93,480 shares to 2.17 million shares, valued at $176.56M in 2018Q1, according to the filing. It also increased its holding in Progressive Corp Ohio (NYSE:PGR) by 23,600 shares in the quarter, for a total of 607,500 shares, and has risen its stake in Activision Blizzard Inc (NASDAQ:ATVI).

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

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