Franklin Resources, Inc. (BEN)
| Market Cap | 11.70B |
| Revenue (ttm) | 8.10B |
| Net Income (ttm) | 898.50M |
| Shares Out | 526.09M |
| EPS (ttm) | 1.75 |
| PE Ratio | 12.70 |
| Forward PE | 8.53 |
| Dividend | $1.24 (5.58%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 4,003,123 |
| Open | 22.21 |
| Previous Close | 22.13 |
| Day's Range | 22.07 - 22.28 |
| 52-Week Range | 21.57 - 30.32 |
| Beta | 1.46 |
| Analysts | Hold |
| Price Target | 27.33 (+22.94%) |
| Earnings Date | Jul 26, 2024 |
About BEN
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburg... [Read more]
Financial Performance
In 2023, BEN's revenue was $7.85 billion, a decrease of -5.15% compared to the previous year's $8.28 billion. Earnings were $882.80 million, a decrease of -31.67%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for BEN stock is "Hold." The 12-month stock price forecast is $27.33, which is an increase of 22.94% from the latest price.
News
Franklin Templeton Launches Suite of Tax-Managed Active and Passive SMAs at UBS, Powered by Canvas Custom Indexing Solution
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton is offering a comprehensive suite of tax-managed separately managed account strategies on UBS Wealth Management's SMA platforms.
Two Wealth Management Veterans Join Fiduciary Trust International in Atlanta, Continuing to Build Local Team
NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International adds Laura C. Pease, CTFA, and James T. Farmer, CAIA®, to its Atlanta office, a key growth market for the firm.
Erica B. Landeros Joins Fiduciary Trust International's New York Office as Trust Counsel
NEW YORK--(BUSINESS WIRE)--Erica B. Landeros Joins Fiduciary Trust International's New York Office as Trust Counsel.
Money Managers Optimistic About U.S. Economy, Inflation, Interest Rates and More
SAN MATEO, Calif.--(BUSINESS WIRE)--Professional investors are more optimistic about the economy than at the beginning of the year, according to the Franklin Templeton Institute.
Franklin Resources, Inc. Announces Month-End Assets Under Management
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. Announces Month-End Assets Under Management.
Lexington Partners Announces Dedicated Strategy and Team to Lead Continuation Vehicle Transactions at Scale
NEW YORK--(BUSINESS WIRE)--Lexington Partners announces a dedicated team focused on single-asset continuation vehicles. Christophe Browne has joined to help lead the effort.
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 $0.31 per share payable on July 12, 2024 to stockholders of...
Investors Raise Concerns to Meta Regarding Child Safety on Social Media Platforms
NEW YORK--(BUSINESS WIRE)--Investors Raise Concerns to Meta Regarding Child Safety on Social Media Platforms.
Benefit Street Partners Closes Second Special Situations Fund
NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with appr...
Fiduciary Trust International Welcomes Edward J. Mooney as Managing Director and Financial Planning Director
NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International Welcomes Edward J. Mooney as Managing Director and Financial Planning Director.
Franklin Templeton Collaborates with Microsoft on Personalized Financial AI Platform
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton is working with Microsoft to build an advanced financial AI platform.
Franklin Resources, Inc. Announces Second Quarter Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) (NYSE: BEN) today announced net income1 of $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024, ...
Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund.
Franklin Resources, Inc. to Announce Second Quarter Results on April 29, 2024
SAN MATEO, Calif.--(BUSINESS WIRE)--On Monday, April 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its second quarter operating res...
New Survey by DACFP and Franklin Templeton Digital Assets Finds that Nearly Sixty Percent of Financial Advisors Recommend Crypto to Clients
Financial advisors provide perspectives about the role of digital assets in client portfolios GREAT FALLS, Va. , March 19, 2024 /PRNewswire/ -- Nearly three in five (59%) financial advisors say they r...
Franklin Resources, Inc. Announces First Quarter Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 202...
Franklin Resources unit Lexington Partners raises $22.7B fund for secondary private-equity investments
Lexington Partners, a unit of Franklin Resources Inc.'s BEN, +1.56% Franklin Templeton arm, on Tuesday said it raised $22.7 billion in capital commitments for Lexington Capital Partners X LP, for inve...
Lexington Partners Raises $22.7 Billion for Global Secondary Fund Providing Liquidity Solutions to Owners of Private Investments
– Lexington Capital Partners X Significantly Surpasses Target – NEW YORK , Jan. 9, 2024 /PRNewswire/ -- Lexington Partners ("Lexington"), a leading manager of secondary acquisition funds, today announ...
Franklin Resources, Inc. to Announce First Quarter Results on January 29, 2024
SAN MATEO, Calif.--(BUSINESS WIRE)--On Monday, January 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating re...
TIFIN and Franklin Templeton Join Forces to Introduce TIFIN @Work, An Innovative Financial Wellness Solution for Employees
The offering enables a white-labeled solution for plan advisers to deliver an AI-powered, actionable advice platform for workplace benefits and financial wellness BOULDER, Colo. and NEW YORK and SAN M...
Franklin Templeton Completes Acquisition of Putnam Investments
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on Janua...
Franklin Resources, Inc. Announces Quarterly Dividend and Addition to Stock Repurchase Program
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on January 12, 2024 to stockholders...
Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced preliminary net income1 of $295.5 million or $0.58 per diluted share for the quarter ended Sept...
