Abrams Capital: Drew Pluhar, Travis Rhodes and Billionaire David Abrams’ Picks

2. Franklin Resources, Inc. (NYSE:BEN)

The fund also reported ownership of 7.95 million shares of Franklin Resources, Inc. (NYSE:BEN), valued at $355.85 million in its latest 13F filing. Richard Pzena’s Pzena Investment Management is also bullish on the financial holding company, having inched up its stake by 3% to 10.35 million shares during the second quarter. Franklin Resources, Inc. (NYSE:BEN) has assets under management of around $745 billion and its stock has appreciated by almost 20% over the last 12 months. In addition, the company has been raising its dividend consistently over the last couple of years and in 2017, it has been paying a quarterly dividend of $0.20 per share, which gives its stock a yield of 1.85%.

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