Scotia Capital Increased By $6.37 Million Its General Mtrs Co (GM) Position; Vertex One Asset Management Cut Franklin Res (BEN) Stake

January 18, 2018 - By Maria Brooks

Scotia Capital Inc increased General Mtrs Co (GM) stake by 318.29% reported in 2017Q3 SEC filing. Scotia Capital Inc acquired 159,146 shares as General Mtrs Co (GM)’s stock declined 12.09%. The Scotia Capital Inc holds 209,146 shares with $8.41 million value, up from 50,000 last quarter. General Mtrs Co now has $62.23B valuation. The stock decreased 0.50% or $0.22 during the last trading session, reaching $43.81. About 7.60 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since January 18, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Vertex One Asset Management Inc decreased Franklin Res Inc (BEN) stake by 6.59% reported in 2017Q3 SEC filing. Vertex One Asset Management Inc sold 29,001 shares as Franklin Res Inc (BEN)’s stock declined 1.15%. The Vertex One Asset Management Inc holds 410,999 shares with $18.29M value, down from 440,000 last quarter. Franklin Res Inc now has $24.72 billion valuation. The stock decreased 0.60% or $0.27 during the last trading session, reaching $44.63. About 2.28M shares traded. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since January 18, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 83 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Monday, September 21 by Barclays Capital. As per Wednesday, October 25, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Barclays Capital on Friday, October 13 to “Overweight”. Citigroup maintained General Motors Company (NYSE:GM) on Wednesday, September 2 with “Buy” rating. The stock of General Motors Company (NYSE:GM) has “Strong Buy” rating given on Friday, September 18 by S&P Research. Piper Jaffray maintained the shares of GM in report on Monday, October 16 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, July 14 with “Hold”. On Wednesday, October 11 the stock rating was maintained by UBS with “Buy”. The firm has “Sell” rating given on Monday, October 30 by Goldman Sachs. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by Nomura on Wednesday, November 1.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. It dived, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. Summit Financial Wealth Advsr Limited Company stated it has 0.36% in General Motors Company (NYSE:GM). First Interstate State Bank stated it has 840 shares. Jpmorgan Chase And reported 10.60M shares. National Bank & Trust Of Hawaii accumulated 5,396 shares. Paragon Cap Mgmt Limited reported 0.11% stake. Dorsey Whitney Com Limited Com stated it has 5,444 shares or 0.04% of all its holdings. Greenlight Capital holds 34.56M shares. Sterling Cap Mgmt Ltd Liability accumulated 2.06 million shares. The Massachusetts-based Crow Point Partners Limited Liability Company has invested 0.02% in General Motors Company (NYSE:GM). Huntington National Bank & Trust invested in 0% or 4,079 shares. Moreover, Baker Ellis Asset Mgmt Limited Liability Co has 0.13% invested in General Motors Company (NYSE:GM). Regions Fincl has invested 0.01% in General Motors Company (NYSE:GM). Da Davidson has invested 0.08% in General Motors Company (NYSE:GM). Fulton Comml Bank Na holds 11,057 shares. Mason Street Advsrs Limited Com invested in 182,059 shares.

Scotia Capital Inc decreased Spdr Series Trust (BIL) stake by 10,920 shares to 316,438 valued at $14.47 million in 2017Q3. It also reduced Western Digital Corp (NASDAQ:WDC) stake by 49,536 shares and now owns 28,116 shares. Blackberry Ltd (NASDAQ:BBRY) was reduced too.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on January, 26. They expect $0.74 earnings per share, down 3.90% or $0.03 from last year’s $0.77 per share. BEN’s profit will be $409.89M for 15.08 P/E if the $0.74 EPS becomes a reality. After $0.76 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 3 Sell and 12 Hold. Therefore 6% are positive. Franklin Resources Inc. had 88 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. The rating was maintained by Wood on Thursday, September 3 with “Market Perform”. Jefferies maintained Franklin Resources, Inc. (NYSE:BEN) rating on Wednesday, October 7. Jefferies has “Hold” rating and $58 target. The firm earned “Underperform” rating on Tuesday, March 15 by Bank of America. The stock has “Sell” rating by Deutsche Bank on Thursday, November 10. UBS maintained Franklin Resources, Inc. (NYSE:BEN) on Friday, October 27 with “Neutral” rating. The company was maintained on Thursday, September 10 by Citigroup. The firm earned “Sell” rating on Thursday, June 2 by UBS. The firm has “Neutral” rating by Citigroup given on Friday, June 9. Keefe Bruyette & Woods maintained the shares of BEN in report on Friday, September 1 with “Hold” rating.

Investors sentiment increased to 0.84 in 2017 Q3. Its up 0.02, from 0.82 in 2017Q2. It increased, as 39 investors sold BEN shares while 185 reduced holdings. 43 funds opened positions while 146 raised stakes. 240.11 million shares or 1.59% less from 243.98 million shares in 2017Q2 were reported. Moreover, Fukoku Mutual Life has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN) for 3,800 shares. Illinois-based Gallagher Fiduciary Ltd Liability has invested 33.47% in Franklin Resources, Inc. (NYSE:BEN). California-based Schwab Charles Inv Inc has invested 0.05% in Franklin Resources, Inc. (NYSE:BEN). James Investment Rech holds 0.19% or 127,077 shares in its portfolio. Gulf Bank & Trust (Uk) has invested 0.06% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Guinness Asset has 0.07% invested in Franklin Resources, Inc. (NYSE:BEN) for 7,240 shares. Thrivent Fincl For Lutherans invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Banque Pictet And Cie has 0.15% invested in Franklin Resources, Inc. (NYSE:BEN). Qs Invsts Ltd Com has 106,524 shares for 0.04% of their portfolio. Kbc Gp Nv invested 0.08% in Franklin Resources, Inc. (NYSE:BEN). Meiji Yasuda Asset Management holds 0.15% or 33,489 shares. Td Asset Mngmt holds 0.01% or 121,962 shares in its portfolio. Rmb Capital Limited Liability Corporation invested in 7,169 shares or 0.01% of the stock. Hsbc Hldg Public Limited Liability Corp invested in 635,502 shares. Aperio Limited Co invested 0.05% of its portfolio in Franklin Resources, Inc. (NYSE:BEN).

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