Franklin Resources, Inc. (BEN)

NYSE: BEN · IEX Real-Time Price · USD
24.93
-0.09 (-0.36%)
At close: Sep 25, 2023, 4:00 PM
24.90
-0.03 (-0.12%)
Pre-market: Sep 26, 2023, 8:30 AM EDT
-0.36%
Market Cap 12.44B
Revenue (ttm) 7.80B
Net Income (ttm) 820.00M
Shares Out 498.98M
EPS (ttm) 1.60
PE Ratio 15.58
Forward PE 9.75
Dividend $1.20 (4.81%)
Ex-Dividend Date Sep 28, 2023
Volume 2,228,974
Open 24.89
Previous Close 25.02
Day's Range 24.73 - 25.06
52-Week Range 20.24 - 34.37
Beta 1.32
Analysts Sell
Price Target 25.18 (+1.0%)
Earnings Date Oct 31, 2023

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]

Sector Financials
Founded 1947
Employees 9,800
Stock Exchange NYSE
Ticker Symbol BEN
Full Company Profile

Financial Performance

In 2022, BEN's revenue was $8.28 billion, a decrease of -1.78% compared to the previous year's $8.43 billion. Earnings were $1.29 billion, a decrease of -29.45%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for BEN stock is "Sell." The 12-month stock price forecast is $25.18, which is an increase of 1.00% from the latest price.

Price Target
$25.18
(1.00% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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 $1.42 trillion at August 31, 2023, c...

13 days ago - Business Wire

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 $0.30 per share payable on October 13, 2023 to stockholders...

19 days ago - Business Wire

Podcast: A Closer Look at Sustainable Investing

NORTHAMPTON, MA / ACCESSWIRE / August 3, 2023 / Sustainable investing can mean different things to a range of different investors. A focus on ESG, or environmental, social and governance issues, can l...

7 weeks ago - Accesswire

Franklin Resources, Inc. Announces Third Quarter Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023, a...

2 months ago - Business Wire

Thermo Fisher Scientific Elects New Director to Board

WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE:TMO), the world leader in serving science, today announced Jenny Johnson, president and chief executive officer of Franklin Resourc...

Other symbols: TMO
2 months ago - Business Wire

Angelo Gordon-backed REIT in $300 mln bid for Western Asset Mortgage

AG Mortgage Investment Trust Inc , a real estate investment trust (REIT) managed by Angelo Gordon & Co, made a stock-and-cash offer on Thursday for Western Asset Mortgage Capital Corp , a peer managed...

Other symbols: MITTWMC
2 months ago - Reuters

Franklin Resources, Inc. to Announce Third Quarter Results on July 28, 2023

SAN MATEO, Calif.--(BUSINESS WIRE)--On Friday, July 28, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating resul...

2 months ago - Business Wire

Franklin Templeton buying Putnam Investments from Great-West Lifeco

Franklin Resources Inc. BEN, the parent of investment firm Franklin Templeton, on Wednesday said it would acquire Putnam Investments from Great-West Lifeco CA:GWO for about $925 million. As part of th...

4 months ago - Market Watch

Great-West Lifeco announces sale of Putnam Investments to Franklin Templeton

Transaction unlocks the value of Putnam, and facilitates the continued focus of Lifeco's U.S. strategy on retirement and personal wealth Lifeco, Power, and Franklin Templeton will enter into a strateg...

4 months ago - PRNewsWire

Franklin Templeton Establishes a Strategic Partnership with Power Corporation of Canada and Great-West Lifeco

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power...

4 months ago - Business Wire

Best Retirement Stocks to Buy Now

The best retirement stocks ideally have high dividend yields that can be sustained. This can lead to steady income and long-term value for retirees.

4 months ago - Kiplinger

Franklin Templeton Expands U.S. Wealth Management Alternatives Distribution Team with Addition of Candice Kemeny and Jared Abert

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton Expands U.S. Wealth Management Alternatives Distribution Team with Addition of Candice Kemeny and Jared Abert.

5 months ago - Business Wire

Franklin Resources, Inc. Announces Second Quarter Results

SAN MATEO, Calif.--(BUSINESS WIRE)--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, ...

5 months ago - Business Wire

Franklin Resources, Inc. to Announce Second Quarter Results on May 1, 2023

On Monday, May 1, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its second quarter operating results. A written commentary on the resul...

5 months ago - Business Wire

14 dividend stocks yielding 4% or more that are expected to increase payouts in 2023 and 2024

If you invest in dividend stocks, you are probably looking for long-term growth to go with the income. Otherwise you might be content to hold one-month U.S. Treasury bills, which yield 4.5% or park yo...

Other symbols: BXPDOWFRTIRMKEYKHCMO
6 months ago - Market Watch

Franklin Templeton Appoints James Andrus as Vice President of Sustainability Global Markets

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today announced the appointment of James Andrus as Vice President of Sustainability Global Markets.

6 months ago - Business Wire

Franklin Templeton Appoints Dean R. Sackett III as Managing Director of Government Affairs

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the appointment of Dean R. Sackett...

6 months ago - Business Wire

Franklin Templeton to Offer New Multi-Asset ETF Focused on Income

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton announces plans to offer a new multi-asset exchange-traded fund (ETF), the Franklin Income Focus ETF, to U.S. investors this summer. The Franklin...

7 months ago - Business Wire

5 Stocks to Sell or Avoid Now

In a difficult market like this, weak positions can get even weaker. Wall Street analysts believe these five stocks should be near the front of your sell list.

Other symbols: CLXEDEXPDPFG
7 months ago - Kiplinger

Franklin Templeton Names Leeor P. Avigdor as SVP, Global Treasurer and Head of M&A

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the appointment of Leeor P. Avigdo...

8 months ago - Business Wire

Most Employees Are Experiencing Negative Effects From the Current Economy, Franklin Templeton's Voice of the American Worker Study Finds

SAN MATEO, Calif.--(BUSINESS WIRE)--In its third year, Franklin Templeton's Voice of the American Worker Study found that two-thirds of American workers (66%) are experiencing negative effects from ...

8 months ago - Business Wire

Franklin Resources, Inc. Announces First Quarter Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $165.6 million or $0.32 per diluted share for the quarter ended December 31, 2...

8 months ago - Business Wire

Salt Financial and Franklin Templeton Announce Collaboration on Risk-Controlled Index Solutions for Insurance Companies

GREENWICH, Conn. , Jan. 25, 2023 /PRNewswire/ -- Salt Financial has announced a collaboration with Franklin Templeton to develop a bespoke systematic strategies aimed at growing the Fixed Index Annuit...

8 months ago - PRNewsWire

Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton announces plans to convert its Franklin Focused Growth mutual fund to an exchange-traded fund (ETF) for U.S. investors. The conversion, which i...

8 months ago - Business Wire

Lexington Partners Names Seven New Partners

NEW YORK , Jan. 10, 2023 /PRNewswire/ -- Lexington Partners L.P. ("Lexington"), a leading global manager of secondary private equity and co-investment funds, today announced that it has promoted seven...

9 months ago - PRNewsWire