Xponance Inc. Raises Stock Position in Franklin Resources, Inc. $BEN

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Xponance Inc. significantly increased its stake in Franklin Resources, Inc. by 234% in Q3, now holding 99,631 shares valued at $2.30 million. Despite beating EPS expectations, the company missed revenue targets, leading to a “Reduce” average rating from analysts with a $25.89 price target. Franklin Resources offers a 4.9% dividend yield but has a high payout ratio of 122.22%.

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