Gallagher Fiduciary Advisors Has Lowered By $2.71 Million Its Franklin Resources (BEN) Stake; Standard Motor Products, Inc. (SMP) Covered By 3 Bullish Analysts Last Week

June 19, 2017 - By Hazel Jackson

Gallagher Fiduciary Advisors Llc decreased Franklin Resources Inc. (BEN) stake by 3.42% reported in 2016Q4 SEC filing. Gallagher Fiduciary Advisors Llc sold 69,566 shares as Franklin Resources Inc. (BEN)’s stock declined 1.15%. The Gallagher Fiduciary Advisors Llc holds 1.96M shares with $77.70 million value, down from 2.03M last quarter. Franklin Resources Inc. now has $25.13 billion valuation. The stock rose 2.29% or $1.01 reaching $45.14. About 891,586 shares traded. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since June 19, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.

Among 4 analysts covering Standard Motor (NYSE:SMP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Standard Motor had 5 analyst reports since October 15, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 4 by Jefferies. The stock of Standard Motor Products, Inc. (NYSE:SMP) earned “Buy” rating by Jefferies on Tuesday, October 20. FBR Capital maintained the shares of SMP in report on Friday, February 17 with “Mkt Perform” rating. The rating was upgraded by BB&T Capital on Thursday, October 15 to “Buy”. The company was initiated on Monday, April 18 by Sidoti. See Standard Motor Products, Inc. (NYSE:SMP) latest ratings:

17/02/2017 Broker: FBR Capital Rating: Mkt Perform Old Target: $40 New Target: $48 Maintain

Since February 21, 2017, it had 0 insider purchases, and 9 sales for $1.66 million activity. The insider STURDIVANT FREDERICK D sold $203,500. Broccole Carmine Joseph also sold $98,980 worth of Standard Motor Products, Inc. (NYSE:SMP) shares. SILLS PETER J sold $10,006 worth of stock. $503,400 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by SILLS ARTHUR S on Tuesday, May 9. 7,000 shares were sold by SILLS LAWRENCE I, worth $355,414 on Tuesday, June 13. 1,000 shares were sold by Tesoro Thomas, worth $48,830 on Tuesday, February 21.

Standard Motor Products, Inc. is an independent maker and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The company has market cap of $1.16 billion. The Company’s divisions include Engine Management Segment and Temperature Control Segment. It has a 17.76 P/E ratio. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems.

Investors sentiment increased to 1.46 in 2016 Q4. Its up 0.11, from 1.35 in 2016Q3. It improved, as 5 investors sold Standard Motor Products, Inc. shares while 45 reduced holdings. 27 funds opened positions while 46 raised stakes. 17.38 million shares or 3.78% less from 18.07 million shares in 2016Q3 were reported. Coldstream Management has invested 0.09% in Standard Motor Products, Inc. (NYSE:SMP). Citigroup Inc invested in 50,890 shares or 0% of the stock. Renaissance Techs Limited Com stated it has 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Moreover, Bnp Paribas Arbitrage has 0% invested in Standard Motor Products, Inc. (NYSE:SMP). Wellington Mgmt Gru Llp invested in 0.01% or 519,878 shares. Ubs Asset Management Americas reported 0% stake. Gemmer Asset Ltd Llc reported 81 shares or 0% of all its holdings. Gotham Asset Mngmt Ltd Liability owns 16,368 shares. California Employees Retirement System has invested 0% in Standard Motor Products, Inc. (NYSE:SMP). Public Employees Retirement Association Of Colorado owns 6,372 shares. Northpointe Capital Llc holds 0.37% or 68,995 shares. First Trust Advisors L P, Illinois-based fund reported 24,187 shares. Barclays Pcl reported 1,000 shares stake. Teton Advsrs has invested 0.65% in Standard Motor Products, Inc. (NYSE:SMP). Manufacturers Life Communication The accumulated 0% or 14,767 shares.

About 29,852 shares traded. Standard Motor Products, Inc. (NYSE:SMP) has risen 32.15% since June 19, 2016 and is uptrending. It has outperformed by 15.45% the S&P500.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.68 earnings per share, down 11.69% or $0.09 from last year’s $0.77 per share. BEN’s profit will be $378.56M for 16.60 P/E if the $0.68 EPS becomes a reality. After $0.74 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -8.11% negative EPS growth.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.15, from 0.73 in 2016Q3. It is positive, as 47 investors sold BEN shares while 188 reduced holdings. 70 funds opened positions while 137 raised stakes. 253.61 million shares or 3.60% less from 263.09 million shares in 2016Q3 were reported. Teachers Retirement Of The State Of Kentucky invested in 42,300 shares or 0.02% of the stock. Axa has invested 0.02% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Renaissance Ltd has 0.06% invested in Franklin Resources, Inc. (NYSE:BEN) for 972,900 shares. Enterprise Svcs holds 0% or 186 shares. Matarin Capital Mngmt Ltd invested in 0% or 99,850 shares. Parasol Investment Ltd Liability has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 100 shares. Hightower Advsr Lc owns 119,032 shares for 0.05% of their portfolio. Blackrock Japan accumulated 490,401 shares or 0.06% of the stock. Credit Suisse Ag accumulated 0.06% or 1.59 million shares. 106,940 were accumulated by Cornerstone Ltd Liability Corp. 8,657 are held by Dorsey And Whitney. Greenwich Wealth Llc reported 0.18% stake. The Japan-based Tokio Marine Asset Mgmt Ltd has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN). Srb owns 4,302 shares for 0.02% of their portfolio. Dupont Mngmt, Delaware-based fund reported 57,100 shares.

Among 15 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. Franklin Resources Inc. had 73 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Thursday, June 9 with “Underweight”. The rating was downgraded by Morgan Stanley on Friday, March 17 to “Underweight”. The firm earned “Hold” rating on Friday, February 24 by Deutsche Bank. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by JP Morgan on Monday, October 5. Deutsche Bank maintained the stock with “Hold” rating in Friday, September 9 report. The firm has “Neutral” rating by Susquehanna given on Thursday, September 3. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, March 17 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, November 9 by Bank of America. The rating was maintained by Jefferies on Friday, August 7 with “Hold”. Barclays Capital maintained the shares of BEN in report on Wednesday, March 9 with “Underweight” rating.

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