BEN - Franklin Resources, Inc.
After hours:
| Previous close | 24.42 |
| Open | 24.82 |
| Bid | 24.42 x 900 |
| Ask | 25.02 x 800 |
| Day's range | 24.75 - 25.14 |
| 52-week range | 20.24 - 34.37 |
| Volume | |
| Avg. volume | 3,401,863 |
| Market cap | 12.532B |
| Beta (5Y monthly) | 1.28 |
| PE ratio (TTM) | 15.07 |
| EPS (TTM) | 1.66 |
| Earnings date | 26 Jul 2023 - 31 Jul 2023 |
| Forward dividend & yield | 1.20 (4.91%) |
| Ex-dividend date | 30 Mar 2023 |
| 1y target est | 24.55 |
- Financial Times
Can Franklin buy its way to survival in the asset management thunderdome?
Asset management is a funny business. Which is why there’s been a spasm of consolidation among asset managers in recent years, and asset management companies snapping up smaller boutique players in areas like private debt or ESG. It’s fair to say Franklin is rolling the dice to avoid that fate.
ZacksImplied Volatility Surging for Franklin (BEN) Stock Options
Investors need to pay close attention to Franklin (BEN) stock based on the movements in the options market lately.
ZacksFranklin (BEN) Expands in Retirement Space With Putnam Buyout
Franklin's (BEN) partnership with Power Corporation entails the purchase of Putnam and a commitment to receive an initial long-term AUM of $25 billion.
- Financial Times
Franklin Templeton to buy Putnam Investments for more than $1bn
Acquisitive California asset manager strikes deal that will expand business in alternatives and retirement plans
CNW GroupGreat-West Lifeco announces sale of Putnam Investments to Franklin Templeton
Great-West Lifeco Inc. ("Lifeco") (TSX: GWO) today announced that Franklin Resources, Inc. (NYSE: BEN), operating as Franklin Templeton, one of the world's largest independent and diversified asset managers, has agreed to acquire Putnam Investments from Lifeco. The total potential transaction consideration and retained value is estimated to be US$1.7-1.8 billion. Franklin Templeton will pay upfront consideration of US$950 million-1.0 billion, consisting of 33.33 million Franklin Templeton shares
- Business Wire
Franklin Templeton Establishes a Strategic Partnership with Power Corporation of Canada and Great-West Lifeco
SAN MATEO, Calif., May 31, 2023--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada ("Power" and, together with its subsidiaries, the "Power Group of Companies") [TSX:POW] and Great-West Lifeco, Inc. ("Great-West") [TSX:GWO]. The Power Group of Companies including Great-West and IGM Financial ("IGM") [TSX:IGM] are leaders in the global insurance, retirement, ass
Business WireAnne Fitzpatrick Donahue Joins Fiduciary Trust International as Head of New York Office; Paulina Mejia Begins New Role Serving Firm’s Largest Clients
NEW YORK, May 23, 2023--Anne Fitzpatrick Donahue Joins Fiduciary Trust International as Head of New York Office; Paulina Mejia Begins New Role Serving Firm’s Largest Clients
CNW GroupFranklin Templeton Canada Announces Fee Reduction and Risk Rating Changes for Certain Funds and ETFs
Franklin Templeton Canada today announced a fee reduction for Franklin Quotential Growth Portfolio. Additionally, risk rating changes for certain mutual funds and ETFs were announced.
Business WireRonan Murphy Joins Franklin Templeton as Consultant Advisor, US Institutional
SAN MATEO, Calif., May 16, 2023--Ronan Murphy Joins Franklin Templeton as Consultant Advisor, US Institutional
ZacksLazard (LAZ) April AUM Rises 1.1% on Favorable Market Returns
Lazard's (LAZ) April AUM rises 1.1% to $234.6 billion on the back of favorable market returns.
Motley FoolThis Undervalued Stock Is the Cheapest It's Been in Years
Trading near its lowest point in 10 years, Franklin Resources has a big yield and a history of annual dividend hikes.
CNW GroupFranklin Templeton Canada Announces ETF Cash Distributions
Franklin Templeton Canada today announced the May 2023 cash distributions for certain ETFs available to Canadian investors.
- Zacks
Franklin (BEN) Stock Up Despite April 2023 AUM Declines
Franklin's (BEN) April AUM declines on account of cash management net outflows offsetting positive impacts of market and the flat long-term net inflows.
ZacksInvesco's (IVZ) April AUM Rises Marginally on Favorable Markets
Invesco (IVZ) reports a marginal rise in AUM for April on favorable market performance.
ZacksAllianceBernstein's (AB) April AUM Stable on Upbeat Markets
AllianceBernstein's (AB) April AUM remains unchanged from the prior month as favorable markets offset outflows during the month.
- Business Wire
Franklin Resources, Inc. Announces Month-End Assets Under Management
SAN MATEO, Calif., May 09, 2023--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,420.7 billion at April 30, 2023, compared to $1,422.1 billion at March 31, 2023. This month’s AUM reflected the positive impact of markets and flat long-term net inflows which include a low-fee $3.2 billion equity mandate, offset by cash management net outflows.
Yahoo Finance VideoPortfolio diversification is 'really important' for millennial investors: Franklin Templeton CEO
Franklin Templeton CEO Jenny Johnson sits down with Yahoo Finance's Brian Sozzi at the 2023 Milken Institute Global Conference to discuss market volatility and uncertainty, the Federal Reserve, the regional banking crisis, investing for retirement, and overall advice for clients.
Business WireFranklin Templeton Announces Ticker Change for Franklin Responsibly Sourced Gold ETF
SAN MATEO, Calif., May 05, 2023--Franklin Templeton announced today that it will change the ticker for its Franklin Responsibly Sourced Gold ETF to FGDL, effective May 19, 2023. No other changes were made to the ETF, and its investment objective, strategy and fee structure remain the same.
- Business Wire
Franklin Templeton Expands U.S. Wealth Management Alternatives Distribution Team with Addition of Candice Kemeny and Jared Abert
SAN MATEO, Calif., May 03, 2023--Franklin Templeton Expands U.S. Wealth Management Alternatives Distribution Team with Addition of Candice Kemeny and Jared Abert
Business WireFranklin Templeton Acquires Managed Options Capabilities for Advisors Serving Wealth Management and Institutional Clients
SAN MATEO, Calif., May 02, 2023--Franklin Templeton Acquires Managed Options Capabilities for Advisors Serving Wealth Management and Institutional Clients
ZacksFranklin (BEN) Q2 Earnings Surpass Estimates, Revenues Fall
While a rise in AUM was a tailwind, Franklin's (BEN) second-quarter fiscal 2023 results display top-line weakness and higher expenses in the quarter.
ZacksCompared to Estimates, Franklin Resources (BEN) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Franklin Resources (BEN) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
ZacksFranklin Resources (BEN) Surpasses Q2 Earnings and Revenue Estimates
Franklin Resources (BEN) delivered earnings and revenue surprises of 7.02% and 5.22%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Franklin Resources, Inc. Announces Second Quarter Results
SAN MATEO, Calif., May 01, 2023--Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income1 of $194.2 million or $0.38 per diluted share for the quarter ended March 31, 2023, as compared to $165.6 million or $0.32 per diluted share for the previous quarter, and $349.6 million or $0.68 per diluted share for the quarter ended March 31, 2022. Operating income was $255.1 million for the quarter ended March 31, 2023, as compared to $194.0 million for the previous quarter and $46
CoinDeskFranklin Templeton CEO: The Future of the Crypto Industry Is Regulated
At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology.