84,248 Shares in Franklin Resources, Inc. $BEN Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management recently acquired 84,248 shares of Franklin Resources (NYSE: BEN), totaling approximately $1.95 million, contributing to the institutional ownership of roughly 47.56%. The article highlights mixed analyst sentiment, with a consensus “Reduce” rating and an average price target of $25.89, while Franklin Resources also announced a quarterly dividend of $0.33 per share. Other hedge funds have also adjusted their holdings in the company, and the stock’s performance metrics are detailed alongside recent earnings results.