Franklin Resources (BEN)
(Real Time Quote from BATS)
$25.11 USD
+0.09 (0.36%)
Updated Apr 19, 2024 03:34 PM ET
2-Buy of 5 2
B Value D Growth A Momentum C VGM
Company Summary
Franklin Resources, Inc., headquartered in San Mateo, CA, is a global investment management company. The majority of its operating revenues and net income is derived from offering investment management and related services to retail mutual funds, institutional and high-net-worth investors in jurisdictions worldwide. The mutual funds and other products are sold to the public under different brands like Franklin, Templeton, Legg Mason, Balanced Equity Management, Benefit Street Partners, Brandywine Global Investment Management and Clarion Partners.
Franklin’s principal line of business provides investment advisory and management services to investors worldwide through products that ...
Company Summary
Franklin Resources, Inc., headquartered in San Mateo, CA, is a global investment management company. The majority of its operating revenues and net income is derived from offering investment management and related services to retail mutual funds, institutional and high-net-worth investors in jurisdictions worldwide. The mutual funds and other products are sold to the public under different brands like Franklin, Templeton, Legg Mason, Balanced Equity Management, Benefit Street Partners, Brandywine Global Investment Management and Clarion Partners.
Franklin’s principal line of business provides investment advisory and management services to investors worldwide through products that include U.S. and non-U.S.-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. Additionally, the company’s services include fund administration, sales, distribution and shareholder servicing. It offers an array of fixed income, equity, multi-asset, alternative, and cash management asset classes and solutions.
Apart from the domestic market, Franklin’s global presence includes Europe, Middle East and Africa (EMEA), the Asia Pacific, Canada and Latin America. As of Dec 31, 2023, Franklin provided service to clients in more than 150 countries, with around 1,300 investment professionals. It had $1.4 trillion of AUM as of the same date.
In January 2024, Franklin completed the acquisition of Putnam Investments, a global asset management firm, from Great-West Lifeco. In 2022, it acquired BNY Alcentra Group Holdings and Lexington Partners L.P. In 2021, it completed the buyout of O’Shaughnessy Asset Management, LLC (“OSAM”). In 2020, Franklin completed the buyout of Legg Mason and its specialist investment managers in a $4.5 billion all-cash acquisition deal. Also, the company acquired AdvisorEngine Inc., a digital wealth platform and provider of technology and consulting services. In the same year, Franklin’s wholly-owned subsidiary, Fiduciary Trust Company International, acquired Athena Capital Advisors, LLC, with around $6 billion in AUM. In 2019, Franklin purchased Benefit Street Partners, a leading alternative credit manager, for $717.4 million in cash.
Franklin operates with Sep 30 as its fiscal year-end.
General Information
Franklin Resources, Inc
ONE FRANKLIN PARKWAY
SAN MATEO, CA 94403
Phone: 650-312-2000
Fax: 650-312-3655
Web: http://www.franklinresources.com
Email: investorrelations@franklintempleton.com
| Industry | Financial - Investment Management |
| Sector | Finance |
| Fiscal Year End | September |
| Last Reported Quarter | 3/31/2024 |
| Earnings Date | 4/29/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.57 |
| Current Year EPS Consensus Estimate | 2.52 |
| Estimated Long-Term EPS Growth Rate | 7.60 |
| Earnings Date | 4/29/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 25.02 |
| 52 Week High | 30.32 |
| 52 Week Low | 21.88 |
| Beta | 1.40 |
| 20 Day Moving Average | 3,067,424.50 |
| Target Price Consensus | 28.06 |
| 4 Week | -10.16 |
| 12 Week | -8.95 |
| YTD | -16.01 |
| 4 Week | -6.03 |
| 12 Week | -11.08 |
| YTD | -20.06 |
| Shares Outstanding (millions) | 526.56 |
| Market Capitalization (millions) | 13,174.48 |
| Short Ratio | NA |
| Last Split Date | 7/26/2013 |
| Dividend Yield | 4.96% |
| Annual Dividend | $1.24 |
| Payout Ratio | 0.44 |
| Change in Payout Ratio | 0.06 |
| Last Dividend Payout / Amount | 3/27/2024 / $0.31 |
Fundamental Ratios
| P/E (F1) | 9.92 |
| Trailing 12 Months | 9.16 |
| PEG Ratio | 1.31 |
| vs. Previous Year | 27.45% |
| vs. Previous Quarter | -22.62% |
| vs. Previous Year | 1.22% |
| vs. Previous Quarter | 0.25% |
| Price/Book | 1.04 |
| Price/Cash Flow | 6.83 |
| Price / Sales | 1.67 |
| 3/31/24 | NA |
| 12/31/23 | 11.15 |
| 9/30/23 | 10.64 |
| 3/31/24 | NA |
| 12/31/23 | 4.69 |
| 9/30/23 | 4.49 |
| 3/31/24 | NA |
| 12/31/23 | 1.92 |
| 9/30/23 | 1.88 |
| 3/31/24 | NA |
| 12/31/23 | 1.92 |
| 9/30/23 | 1.88 |
| 3/31/24 | NA |
| 12/31/23 | 17.76 |
| 9/30/23 | 16.97 |
| 3/31/24 | NA |
| 12/31/23 | 12.30 |
| 9/30/23 | 11.25 |
| 3/31/24 | NA |
| 12/31/23 | 19.28 |
| 9/30/23 | 18.04 |
| 3/31/24 | NA |
| 12/31/23 | 24.00 |
| 9/30/23 | 25.15 |
| 3/31/24 | NA |
| 12/31/23 | NA |
| 9/30/23 | NA |
| 3/31/24 | NA |
| 12/31/23 | 0.86 |
| 9/30/23 | 0.90 |
| 3/31/24 | NA |
| 12/31/23 | 48.63 |
| 9/30/23 | 49.52 |