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Franklin Resources
BEN

$23.82
0.63%

Market Cap: 12.5B

 

About: Franklin Resources provides investment services for individual and institutional investors. At the end of April 2024, Franklin had $1.602 trillion in managed assets, composed primarily of equity (35%), fixed-income (35%), multi-asset/balanced (10%) funds, alternatives (16%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (52% of AUM) and institutional accounts (46%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 30% of managed assets sourced from clients domiciled outside the United States.

Employees: 10,100

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 16 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

86% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $15.2M

32% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 68

27% more repeat investments, than reductions

Existing positions increased: 218 | Existing positions reduced: 171

20% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 6 (+1) [Q1 2024]

13% more capital invested

Capital invested by funds: $6.5B [Q4 2023] → $7.33B (+$834M) [Q1 2024]

7.26% more ownership

Funds ownership: 37.32% [Q4 2023] → 44.58% (+7.26%) [Q1 2024]

4% more funds holding

Funds holding: 551 [Q4 2023] → 573 (+22) [Q1 2024]

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$23
3%
downside
Avg. target
$26
8%
upside
High target
$30
26%
upside

11 analyst ratings

positive
0%
neutral
64%
negative
36%
UBS
Brennan Hawken
1%upside
$24
Neutral
Maintained
10 Jul 2024
TD Cowen
Bill Katz
3%downside
$23
Hold
Maintained
8 Jul 2024
Deutsche Bank
Brian Bedell
1%upside
$24
Hold
Maintained
30 Apr 2024
TD Cowen
Bill Katz
7%upside
$25.5
Hold
Maintained
30 Apr 2024
Evercore ISI Group
David Motemaden
9%upside
$26
Underperform
Maintained
30 Apr 2024

Financial journalist opinion

Based on 16 articles about BEN published over the past 30 days