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Franklin Resources, Inc.

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Franklin Resources’ shares have outperformed the Zacks categorized Investment Management industry, year-to-date. We remain optimistic as the company’s strategic acquisitions and strong distribution platform have well positioned the company towards growth. Also, the recent dividend hike by 11% will continue boosting shareholders’ confidence. Notably, management expects expenses in fiscal 2017 to remain flat or decline slightly considering the impact of previous cost-cutting initiatives. However, the company’s muted growth in AUM is likely to put a pressure on investment management fees. Also, volatile markets and unfavorable global economic conditions may further affect the company’s performance and hurt its profitability.

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