Franklin Resources (BEN)

• Market cap: $13.1B
• 1 day: -0.51%
• 5 days: 1.77%
• 1 month: 2.27%
• 3 months: 13.60%
• 6 months: 26.59%
• Year to date: 25.27%
• 1 year: 21.65%
• 5 years: 18.45%
• 10 years: -36.91%
• Sector: Financials
• Industry: Asset Management

About: Franklin Resources provides investment services for individual and institutional investors. At the end of July 2025, Franklin had $1.617 trillion in managed assets, composed primarily of equity (41%), fixed-income (27%), multi-asset/balanced (11%) funds, alternatives (16%) and money market funds (5%). Distribution tends to be weighted between retail investors (56% of AUM) and institutional accounts (41%), 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 31% of its assets under management invested in global/international strategies and just as much sourced from clients domiciled outside the United States.

Employees: 10,100

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

25% more capital invested

Capital invested by funds: $5.38B [Q1] → $6.74B (+$1.36B) [Q2]

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

12% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 81

11% more call options, than puts

Call options by funds: $26.5M | Put options by funds: $23.8M

0.67% more ownership

Funds ownership: 53.17% [Q1] → 53.84% (+0.67%) [Q2]

0% less funds holding

Funds holding: 553 [Q1] → 551 (-2) [Q2]

17% less repeat investments, than reductions

Existing positions increased: 177 | Existing positions reduced: 212

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $21 17% downside
• Avg. target: $26 1% upside
• High target: $29 15% upside

6 analyst ratings

• positive: 1 17%
• neutral: 2 33%
• negative: 3 50%

Morgan Stanley Michael Cyprys	17% downside $21	Underweight Maintained	12 Aug 2025
JP Morgan Kenneth Worthington	15% upside $29	Neutral Maintained	4 Aug 2025
Evercore ISI Group David Motemaden	1% downside $25	Underperform Maintained	4 Aug 2025
Barclays Benjamin Budish	9% downside $23	Underweight Maintained	4 Aug 2025
Wells Fargo Michael Brown	3% upside $26	Equal-Weight Maintained	11 Jul 2025