|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||24.75 - 25.14|
|52 Week Range||20.24 - 34.37|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||14.72|
|Forward Dividend & Yield||1.20 (4.91%)|
|Ex-Dividend Date||Mar 30, 2023|
|1y Target Est||N/A|
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The fund giant will acquire a smaller competitor with $136 billion in assets. It will also receive a substantial minority investment from Great-West Lifeco, Putnam’s parent.
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.
Investors need to pay close attention to Franklin (BEN) stock based on the movements in the options market lately.
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.
(Bloomberg) -- The Desmarais family’s decision to sell Putnam Investments marks the end of a failed effort to turn around the fund manager, one that cost its Canadian owners well over $1 billion. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as A
(Bloomberg) -- Franklin Resources Inc. is buying Putnam Investments in a deal that unites two established asset management firms and offers Canada’s billionaire Desmarais family a way out of a troubled investment. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s
Franklin Resources added to its recent acquisition spree Wednesday, agreeing to buy rival money manager Putnam Investments. Franklin said it would pay Putnam’s owner, Great-West Lifeco a Canadian insurance and retirement-services company controlled by Power Corp. of Canada, as much as US$1.3 billion in stock and cash. Franklin has emerged in recent years as one of the industry’s most active acquirers, snapping up Legg Mason, private-equity manager Lexington Partners and Alcentra, a European credit investor.
Acquisitive California asset manager strikes deal that will expand business in alternatives and retirement plans
Franklin Resources Inc, a global investment management firm that operates as Franklin Templeton, plans to acquire asset manager Putnam Investments from Great-West LifeCo Inc in a nearly $925 million deal. The deal, expected to close in the fourth quarter of this year, is part of a partnership with Power Corporation of Canada , the parent company of subsidiaries including Great-West and IGM Financial.
With the debt ceiling issue on the horizon, investors face the task of assessing their stock portfolios amidst government spending uncertainties. Given the prevailing uncertainty, investors should carefully consider specific stocks that may encounter significant challenges. Considering the looming uncertainties, this article highlights three stocks to sell. Investors are confronted with a complex decision-making process. They must choose between two outcomes: successful last-minute negotiations
Top-Rated Franklin Templeton Funds as of 4/30/23 Fund Name, Ticker, Overall Rating, (Risk Grade) Franklin Mutual Internatnl Val A A+ (B) Franklin Templeton SMACS: Series E A+ (B) Franklin Floating ...
A U.S. appeals court on Friday appeared unlikely to reinstate a lawsuit by Amy Cooper, the white woman who called police on a Black bird-watcher in New York City's Central Park, accusing her former employer of illegally firing and defaming her. Judges of the 2nd U.S. Circuit Court of Appeals in Manhattan expressed skepticism after Cooper's lawyer said Franklin Templeton's statements following the May 25, 2020, viral video incident suggested the company had "facts unknown to the public" to justify terminating Cooper and branding her a racist. "I've got to admit, the film is an eye-popper," Circuit Judge Barrington Parker, part of a three-judge panel, told Cooper's lawyer Matthew Litt.
Lazard's (LAZ) April AUM rises 1.1% to $234.6 billion on the back of favorable market returns.
Trading near its lowest point in 10 years, Franklin Resources has a big yield and a history of annual dividend hikes.
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.
Invesco (IVZ) reports a marginal rise in AUM for April on favorable market performance.
AllianceBernstein's (AB) April AUM remains unchanged from the prior month as favorable markets offset outflows during the month.
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.
Pushing further into the crypto universe is all about "expanding opportunities" for clients.
Franklin Resources, Inc. ( NYSE:BEN ) shareholders will have a reason to smile today, with the analysts making...
Q2 2023 Franklin Resources Inc Earnings Call
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.
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.
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?
At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology.