|Bid||25.69 x 1200|
|Ask||26.00 x 1300|
|Day's Range||25.59 - 25.93|
|52 Week Range||24.73 - 35.82|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||10.95|
|Earnings Date||Jan 27, 2020 - Feb 02, 2020|
|Forward Dividend & Yield||1.08 (4.19%)|
|Ex-Dividend Date||Dec 28, 2019|
|1y Target Est||24.15|
Details the 52-week lows for the following companies: Exxon Mobil, Boeing, DuPont de Nemours, Simon Property Group, Franklin Resources and Spirit Aerosystems Holdings Continue reading...
The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0832 per common share payable January 15, 2020, to shareholders of record as of December 31, 2019. It is currently estimated that $0.0452 per share represents net investment income and $0.0380 per share represents return of principal.
Franklin Resources' (BEN) preliminary assets under management (AUM) of $698.3 billion for December up from the prior month, driven by net market gains.
Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management of $698.3 billion at December 31, 2019, compared to $691.3 billion at November 30, 2019. The increase in assets under management was due to market gains that offset net outflows. Preliminary average assets under management for the quarter ended December 31, 2019, were $693.8 billion.
Athena Capital, led for decades by founder Lisette Cooper, has agreed to merge with a larger New York firm.
(Bloomberg) -- Franklin Resources Inc. said it will purchase Athena Capital Advisors, a wealth advisory firm with $6 billion in assets.Lincoln, Massachusetts-based Athena will join Franklin’s wealth subsidiary, Fiduciary Trust Company International, and bring its total assets to $25 billion, according to a statement Tuesday.Franklin has been seeking new acquisitions as its asset management business continues to suffer outflows as investors move more money to lower fee passively managed funds.Wealth advisers have become an attractive acquisition target because of their steady fees and growing demand for advice.“Athena Capital brings enhanced investment research, manager selection, and due diligence that will complement and strengthen our existing strategic advisory services,” John Dowd, chief executive of Fiduciary Trust said in the statement.Terms of the deal weren’t disclosed.To contact the reporter on this story: John Gittelsohn in Los Angeles at firstname.lastname@example.orgTo contact the editor responsible for this story: Sam Mamudi at email@example.comFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Active fund managers may gaze at what has happened to Franklin Resources — parent of Franklin Templeton — nervously. Not many fund management stocks have underperformed world markets so comprehensively for years. To justify their fees, a number of active fund managers have been making bolder and more concentrated bets.
Franklin Templeton is set to mark 2019 with more outflows than any other US fund manager, according to the latest data from research group Morningstar, led by an exodus of investors from a bond fund run by emerging markets guru Michael Hasenstab. Investors clawed back $21bn from the company’s mutual funds and exchange traded funds in the first 11 months of last year, a rate of $430m per week, according to the data. The outflows extend a string of annual investor withdrawals that stretch back to 2014 and represent a sizeable chunk of the group’s assets under management, which stood at $692bn at the end of November.
Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0288 per share, payable on January 31, 2020, to shareholders of record on January 15, 2020 (Ex-Dividend Date: January 14, 2020).
Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0609 per share, payable on January 31, 2020, to shareholders of record on January 15, 2020 (Ex-Dividend Date: January 14, 2020).
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]