Franklin Resources, Inc. (BEN)
| 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]
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 StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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, ...
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...
14 dividend stocks yielding 4% or more that are expected to increase payouts in 2023 and 2024
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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.
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...
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...
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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...
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 ...
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...
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...
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...
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...