BEN - Franklin Resources, Inc.

NYSE - NYSE Delayed Price. Currency in USD

25.02

+0.60

(+2.46%)

At close: 04:00PM EDT

25.02

0.00

(0.00%)

After hours:

05:14PM EDT

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Performance Outlook

Short Term
2W - 6W
Mid Term
6W - 9M
Long Term
9M+

Previous Close	24.42
Open	24.82
Bid	0.00 x 900
Ask	0.00 x 800
Day's Range	24.75 - 25.14
52 Week Range	20.24 - 34.37
Volume	2,687,566
Avg. Volume	3,401,863

Market Cap	12.532B
Beta (5Y Monthly)	1.28
PE Ratio (TTM)	14.72
EPS (TTM)	N/A
Earnings Date	N/A
Forward Dividend & Yield	1.20 (4.91%)
Ex-Dividend Date	Mar 30, 2023
1y Target Est	N/A

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

Near Fair Value

-7% Est. Return

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News

Barrons.com
Why Franklin Templeton Is Buying Putnam Investments
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.
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.
Zacks
Implied 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.
Zacks
Franklin (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.
Bloomberg
Billionaire Desmarais Family Turns Page on Woeful Putnam Era With Franklin Deal
(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 Templeton to Buy Putnam as Desmarais Family Exits
(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
The Wall Street Journal
Franklin Resources to Acquire Putnam Investments From Great-West Lifeco
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.
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
Reuters
UPDATE 3-Franklin Templeton to buy Putnam Investments from Great-West Lifeco for $925 mln
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.
InvestorPlace
3 Stocks to Sell as Debt Ceiling Looms Over Government Spending
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
TheStreet.com
Franklin Templeton Funds - 10 Best Templeton Mutual Funds
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 ...
Reuters
Woman who called police on Black bird-watcher faces skeptical court in employment appeal
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.
Zacks
Lazard (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 Fool
This 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.
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.
Zacks
Invesco's (IVZ) April AUM Rises Marginally on Favorable Markets
Invesco (IVZ) reports a marginal rise in AUM for April on favorable market performance.
Zacks
AllianceBernstein'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.
Yahoo Finance Video
Portfolio 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.
Fortune
Future of Finance: Franklin Templeton’s Bayston and Kaul on embracing blockchains as ‘emerging digital nation states’
Pushing further into the crypto universe is all about "expanding opportunities" for clients.
Simply Wall St.
Analysts Just Made A Notable Upgrade To Their Franklin Resources, Inc. (NYSE:BEN) Forecasts
Franklin Resources, Inc. ( NYSE:BEN ) shareholders will have a reason to smile today, with the analysts making...
Thomson Reuters StreetEvents
Q2 2023 Franklin Resources Inc Earnings Call
Q2 2023 Franklin Resources Inc Earnings Call
Zacks
Franklin (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.
Zacks
Compared 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.
Zacks
Franklin 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?
CoinDesk
Franklin 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.