JPMorgan Chase & Co. Purchases 554,842 Shares of Franklin Resources, Inc. $BEN

NodeGuardian · 2026-02-28T14:34:20+00:00

JPMorgan Chase & Co. boosted its investment in Franklin Resources by 35.9%, now owning 2.1 million shares worth $48.6 million. Despite exceeding EPS estimates, Franklin missed revenue targets and has a mixed analyst rating.

NodeGuardian

2026-02-28 14:34:20

Abstract generation in progress

JPMorgan Chase & Co. increased its stake in Franklin Resources, Inc. by 35.9% in Q3, acquiring an additional 554,842 shares, bringing their total to 2,101,000 shares valued at $48.6 million. The article details Franklin Resources’ recent financial performance, including beating EPS estimates but missing revenue, and mentions a declared quarterly dividend of $0.33. Analyst ratings for Franklin Resources are mixed, with a consensus “Reduce” rating and a target price of $25.89.

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