Franklin Resources
About: Franklin Resources provides investment services for individual and institutional investors. At the end of October 2024, Franklin had $1.631 trillion in managed assets, composed primarily of equity (38%), fixed-income (32%), multi-asset/balanced (11%) funds, alternatives (15%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (53% of AUM) and institutional accounts (45%), 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: 10,200
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
39% more repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 164
19% more call options, than puts
Call options by funds: $63.3M | Put options by funds: $53M
0.85% more ownership
Funds ownership: 49.47% [Q2] → 50.32% (+0.85%) [Q3]
4% less funds holding
Funds holding: 570 [Q2] → 545 (-25) [Q3]
9% less capital invested
Capital invested by funds: $5.82B [Q2] → $5.31B (-$515M) [Q3]
24% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 103
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18.50
17%
downside
Avg. target
$19.60
12%
downside
High target
$21
5%
downside
12 analyst ratings
0 positive
0%
7 neutral
58%
5 negative
42%
TD Cowen Bill Katz 100% 1-year accuracy 34 / 34 met price target | 17%downside $18.50 | Hold Maintained | 5 Nov 2024 |
Wells Fargo Michael Brown 92% 1-year accuracy 24 / 26 met price target | 13%downside $19.50 | Equal-Weight Maintained | 5 Nov 2024 |
Keefe, Bruyette & Woods Aidan Hall 100% 1-year accuracy 3 / 3 met price target | 15%downside $19 | Underperform Reiterated | 5 Nov 2024 |
JP Morgan Kenneth Worthington 78% 1-year accuracy 18 / 23 met price target | 6%downside $21 | Neutral Maintained | 5 Nov 2024 |
Deutsche Bank Brian Bedell 91% 1-year accuracy 31 / 34 met price target | 15%downside $19 | Hold Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 70 articles about BEN published over the past 30 days
Neutral
Business Wire
1 day ago
Franklin Resources, Inc. Announces Quarterly Dividend
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.32 per share payable on January 10, 2025 to stockholders of record holding shares of common stock at the close of business on December 30, 2024. The quarterly dividend of $0.32 per share represents a 3.2% increase over the dividends paid for the prior quarter and the same quarter last year. The Company has raised its dividend every year since 1981. Abou.
Positive
Zacks Investment Research
1 day ago
Why Is Franklin Resources (BEN) Up 6.9% Since Last Earnings Report?
Franklin Resources (BEN) reported earnings 30 days ago. What's next for the stock?
Neutral
Business Wire
2 days ago
Franklin Resources, Inc. Announces Month-End Assets Under Management
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.65 trillion at November 30, 2024, compared to $1.63 trillion at October 31, 2024. This month's increase in AUM reflected the impact of positive markets, partially offset by preliminary long-term net outflows of $13 billion, inclusive of $12 billion of preliminary long-term net outflows at Western Asset Management.1 By Asset Class:.
Negative
Zacks Investment Research
2 days ago
New Strong Sell Stocks for December 3rd
BSET, BEN and HTCMY have been added to the Zacks Rank #5 (Strong Sell) List on December 3, 2024.
Neutral
GlobeNewsWire
3 days ago
BEN BREAKING NEWS: Franklin Resources, Inc. Investors that Suffered Losses are Encouraged to Contact RLF About Ongoing Investigation into the Company (NYSE: BEN)
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public.
Neutral
PRNewsWire
6 days ago
Rosen Law Firm Encourages Franklin Resources, Inc. Investors to Inquire About Securities Class Action Investigation - BEN
NEW YORK , Nov. 29, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public. So What: If you purchased Franklin Resources securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Neutral
GlobeNewsWire
1 week ago
BEN BREAKING NEWS: Franklin Resources, Inc. Investors that Suffered Losses are Encouraged to Contact RLF About Ongoing Investigation into the Company (NYSE: BEN)
NEW YORK, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public.
Neutral
Business Wire
1 week ago
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Franklin Resources, Inc. (BEN) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Franklin Resources, Inc. (“Franklin” or the “Company”) (NYSE: BEN) investors concerning the Company's possible violations of federal securities laws. On August 21, 2024, Franklin disclosed that the co-Chief Investment Officer, Stephen Kenneth Leech, of its subsidiary Western Asset Management Company (“Western Asset”) is on a leave of absence after recently receiving a Wells Notice from the U.
Neutral
Business Wire
1 week ago
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Franklin Resources, Inc. (BEN) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Franklin Resources, Inc. (“Franklin” or the “Company”) (NYSE: BEN) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Franklin investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit you.
Neutral
Business Wire
1 week ago
The Law Offices of Frank R. Cruz Continues Investigation of Franklin Resources, Inc. (BEN) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Franklin Resources, Inc. (“Franklin” or the “Company”) (NYSE: BEN) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 21, 2024, Franklin disclosed that the co-Chief Investment Officer, Stephen Kenneth Leech, of its subsidiary, Western Asset Management Company (“Western Asset”).
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