Franklin Resources Inc (BEN)

Thornburg Investment Management Inc. significantly increased its stake in Freeport-McMoRan Inc. by purchasing 468,594 shares, bringing its total ownership to 3.30 million shares valued at approximately $207.8 million. This acquisition makes Freeport-McMoRan the 13th biggest holding for Thornburg, representing 2.0% of its investment portfolio. The company has demonstrated strong quarterly performance, exceeding revenue and EPS expectations, yet its average analyst price target remains below its current share price, and recent insider selling has also been noted.

Rakuten Investment Management Inc. recently acquired 147,609 shares of General Motors (GM) valued at approximately $11.4 million in the second quarter. This move aligns with a "Moderate Buy" consensus from analysts, who have an average price target of $101.41 for GM. Despite a federal safety investigation into nearly a million vehicles posing a near-term risk, GM exceeded quarterly expectations with adjusted EPS of $3.57 and revenue of $48.03 billion, and institutional investors now collectively own 92.67% of the company.

Benjamin Edwards Inc. reduced its stake in Corteva, Inc. by 11.5% in the second quarter, selling over 80,000 shares but still retaining a significant holding valued at $52.6 million. Despite missing revenue forecasts, Corteva reported strong quarterly EPS and maintained its fiscal 2026 EPS guidance. Analysts generally rate Corteva as a "Moderate Buy" with an average price target of $91.50.

Glenview Trust Co has acquired a new position in PPG Industries, Inc. (NYSE:PPG), purchasing 15,922 shares valued at approximately $1.93 million in the second quarter. Other institutional investors like BlackRock Inc. and Pzena Investment Management LLC have also made significant investments in the company. PPG Industries recently announced an increase in its quarterly dividend to $0.74 per share and reported quarterly earnings that missed consensus estimates slightly but saw a revenue increase.

Corient Private Wealth LP recently acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the second quarter, purchasing 182,457 shares valued at approximately $22.13 million. This makes Corient Private Wealth LP an owner of 0.08% of PPG Industries. Other institutional investors have also adjusted their positions in PPG, and the company recently announced an increase in its quarterly dividend to $0.74 per share.