Franklin Resources (BEN)

• Market cap: $9.86B
• 1 day: 0.05%
• 5 days: 1.79%
• 1 month: -2.55%
• 3 months: -6.90%
• 6 months: -10.20%
• Year to date: -6.85%
• 1 year: -17.86%
• 5 years: -0.42%
• 10 years: -63.62%
• Sector: Financials
• Industry: Asset Management

About: Franklin Resources provides investment services for individual and institutional investors. At the end of February 2025, Franklin had $1.577 trillion in managed assets, composed primarily of equity (39%), fixed-income (30%), multi-asset/balanced (11%) funds, alternatives (16%) and money market funds (4%). Distribution tends to be weighted not quite equally between retail investors (54% of AUM) and institutional accounts (43%), 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: 10,100

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

400% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 5 (+4) [Q4]

29% more call options, than puts

Call options by funds: $50.4M | Put options by funds: $39.1M

24% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 70

1.96% more ownership

Funds ownership: 50.27% [Q3] → 52.22% (+1.96%) [Q4]

5% more capital invested

Capital invested by funds: $5.3B [Q3] → $5.56B (+$258M) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 194

1% more funds holding

Funds holding: 548 [Q3] → 552 (+4) [Q4]

Research analyst outlook

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

• Low target: $15 20% downside
• Avg. target: $18.95 1% upside
• High target: $23 23% upside

10 analyst ratings

• positive: 0 0%
• neutral: 5 50%
• negative: 5 50%

Barclays Benjamin Budish 66% 1-year accuracy 88 / 133 met price target	9% downside $17	Underweight Maintained	16 Apr 2025
Goldman Sachs Alexander Blostein 57% 1-year accuracy 27 / 47 met price target	1% upside $19	Neutral Maintained	14 Apr 2025
Evercore ISI Group David Motemaden 64% 1-year accuracy 9 / 14 met price target	9% downside $17	Underperform Maintained	11 Apr 2025
TD Cowen Bill Katz 66% 1-year accuracy 21 / 32 met price target	7% downside $17.50	Hold Maintained	9 Apr 2025
Wells Fargo Michael Brown 39% 1-year accuracy 29 / 75 met price target	7% upside $20	Equal-Weight Maintained	8 Apr 2025