FRK.DU - Franklin Resources Inc
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 24.10 |
| Open | 24.10 |
| Bid | 24.50 x 0 |
| Ask | 24.70 x 0 |
| Day's Range | 24.10 - 24.40 |
| 52 Week Range | 21.27 - 31.00 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Jul 26, 2023 - Jul 31, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Fair Value
Related Research
- Business Wire
Franklin Resources, Inc. Announces Quarterly Dividend
SAN MATEO, Calif., June 08, 2023--Franklin Resources, Inc. (the "Company") [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on July 14, 2023 to stockholders of record holding shares of common stock at the close of business on June 30, 2023. The quarterly dividend of $0.30 per share is equivalent to the dividend paid for the prior quarter and represents a 3.4% increase over the quarterly dividend paid for the same quarter last year.
- Reuters
UPDATE 1-Woman who called police on Black bird-watcher in Central Park loses employment appeal
A U.S. appeals court on Thursday refused to reinstate a lawsuit by Amy Cooper, the white woman who became known as "Central Park Karen" after calling police on a Black bird-watcher, against the employer that fired her following the encounter. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said Cooper did not prove that Franklin Templeton illegally dismissed her on the basis of race or defamed her by branding her a racist. Cooper had been an insurance portfolio manager at Franklin Templeton, a unit of San Mateo, California-based Franklin Resources.
- Reuters
Woman who called police on Black bird-watcher in Central Park loses employment appeal
A U.S. appeals court on Thursday refused to reinstate a lawsuit by Amy Cooper, the white woman who became known as "Central Park Karen" after calling police on a Black bird-watcher, against the employer that fired her following the encounter. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said Cooper did not prove that Franklin Templeton illegally dismissed her on the basis of race or defamed her by branding her a racist. Cooper had been an insurance portfolio manager at Franklin Templeton, a unit of San Mateo, California-based Franklin Resources.
ZacksUBS Gets Capital Regulatory Relief, Updates on Loss Guarantee
UBS Group AG (UBS) gets an extended timeline of early 2026 to phase in the higher capital requirement rules owing to the Credit Suisse buyout. The Loss Protection Agreement is to be finalized by Jun 7.
Insider Monkey25 S&P 500 Dividend Aristocrats To Avoid
In this article, we discuss 25 dividend aristocrats to avoid according to hedge funds. You can skip our detailed analysis of dividend stocks and their performance, and go directly to read 10 S&P 500 Dividend Aristocrats To Avoid. Over the years, there has been an observable shift in focus from growth stocks to dividend stocks […]
- Reuters
Tennessee AG probes asset managers over climate change policies
Tennessee's top legal officer has demanded ten major asset managers provide information over how they seek to tackle climate change, as part of an investigation into potential breaches of consumer law. The state's Republican attorney general Jonathan Skrmetti sent his requests on May 19 in letters to firms that include AllianceBernstein, Invesco Ltd and the Jennison Associates arm of Prudential Financial Inc, according to copies provided to Reuters in response to a public records request. While similar investigations by Republican officials have not led to charges, the letters mark an escalation in attacks on so-called environmental, social and governance (ESG) investing practices.
Barrons.comWhy 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.
ZacksImplied 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.
InvestorPlace3 Stocks to Sell as Strategists Get Jittery
While the U.S. equities may have an upward bias, valuation adjustments don’t materialize in a perfectly linear fashion, which brings us to the topic of top stocks to sell now. At some point, astute investors must realize when to call it quits. Even the most well-researched opportunities can fall short. Maturity is realizing when you’re wrong and taking decisive mitigatory action. Of course, when discussing enterprises to dump, the topic generates intense heat for the editorialist. In this case,
ZacksFranklin (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.
BloombergBillionaire 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
BloombergFranklin 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 JournalFranklin 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.
CNW GroupGreat-West Lifeco announces sale of Putnam Investments to Franklin Templeton
Great-West Lifeco Inc. ("Lifeco") (TSX: GWO) today announced that Franklin Resources, Inc. (NYSE: BEN), operating as Franklin Templeton, one of the world's largest independent and diversified asset managers, has agreed to acquire Putnam Investments from Lifeco. The total potential transaction consideration and retained value is estimated to be US$1.7-1.8 billion. Franklin Templeton will pay upfront consideration of US$950 million-1.0 billion, consisting of 33.33 million Franklin Templeton shares
- Business Wire
Franklin Templeton Establishes a Strategic Partnership with Power Corporation of Canada and Great-West Lifeco
SAN MATEO, Calif., May 31, 2023--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada ("Power" and, together with its subsidiaries, the "Power Group of Companies") [TSX:POW] and Great-West Lifeco, Inc. ("Great-West") [TSX:GWO]. The Power Group of Companies including Great-West and IGM Financial ("IGM") [TSX:IGM] are leaders in the global insurance, retirement, ass
InvestorPlace3 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
Business WireAnne Fitzpatrick Donahue Joins Fiduciary Trust International as Head of New York Office; Paulina Mejia Begins New Role Serving Firm’s Largest Clients
NEW YORK, May 23, 2023--Anne Fitzpatrick Donahue Joins Fiduciary Trust International as Head of New York Office; Paulina Mejia Begins New Role Serving Firm’s Largest Clients
TheStreet.comFranklin 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 ...
ACCESSWIREFranklin Templeton Employees Celebrate Earth Day
Franklin Templeton employees commemorated Earth Day in a variety of ways, including planting trees, cleaning up parks and beaches and participating in educational events.
- 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.
ACCESSWIREFranklin Templeton Employees Receive Accolades for Their DEI Work
NORTHAMPTON, MA / ACCESSWIRE / May 17, 2023 / Franklin Templeton Franklin Templeton's Office of Diversity and Inclusion (D&I) nominated Laura Fergerson, President, Franklin Templeton Services; Alejandro Nuñez, Internal Advisor Consultant; and Tiffany ...
CNW GroupFranklin Templeton Canada Announces Fee Reduction and Risk Rating Changes for Certain Funds and ETFs
Franklin Templeton Canada today announced a fee reduction for Franklin Quotential Growth Portfolio. Additionally, risk rating changes for certain mutual funds and ETFs were announced.
