Franklin Resources
About: Franklin Resources provides investment services for individual and institutional investors. At the end of August 2024, Franklin had $1.681 trillion in managed assets, composed primarily of equity (36%), fixed-income (34%), multi-asset/balanced (10%) funds, alternatives (15%) and money market funds (5%). 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 30% of its assets under management invested in global/international strategies and just as much sourced from clients domiciled outside the United States.
Employees: 10,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
390% more call options, than puts
Call options by funds: $56.4M | Put options by funds: $11.5M
51% more repeat investments, than reductions
Existing positions increased: 248 | Existing positions reduced: 164
3.23% more ownership
Funds ownership: 45.35% [Q1] → 48.58% (+3.23%) [Q2]
2% less funds holding
Funds holding: 583 [Q1] → 570 (-13) [Q2]
15% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 89
23% less capital invested
Capital invested by funds: $7.46B [Q1] → $5.72B (-$1.74B) [Q2]
67% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 2 (-4) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Morgan Stanley Michael Cyprys 68% 1-year accuracy 21 / 31 met price target | 7%downside $19 | Underweight Maintained | 18 Oct 2024 |
Barclays Benjamin Budish 87% 1-year accuracy 55 / 63 met price target | 7%downside $19 | Underweight Maintained | 14 Oct 2024 |
Wells Fargo Michael Brown 90% 1-year accuracy 18 / 20 met price target | 7%downside $19 | Equal-Weight Maintained | 9 Oct 2024 |
Evercore ISI Group David Motemaden 50% 1-year accuracy 6 / 12 met price target | 7%downside $19 | Underperform Maintained | 4 Oct 2024 |
Goldman Sachs Alexander Blostein 82% 1-year accuracy 27 / 33 met price target | 4%upside $21 | Sell Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 99 articles about BEN published over the past 30 days
