Franklin Resources (BEN) registered a
record $1.61T in assets due to a surge in its
equity portfolio to $656B in June. Notably, Franklin's increase in assets under management (AUM) has drawn attention as it leverages
alternatives and strategic acquisitions to counter outflows. The company's potential was recognized by several organizations including
Goldman Sachs and
Morgan Stanley, with both firms upgrading their ratings and increasing Franklin's price target.
Robeco Institutional Asset Management and
Rhumbline Advisers increased their stake in the company, further indicating Franklin's resilient appeal. The firm's commitment to continuing their quarter dividend also enhances its attractive quality as a secure dividend yield stock. However, Franklin experienced a notable selloff from the
KBC Group, and also weathered turbulent times in the volatile market, indicating the inherent risks. The company's blockchain technological adaptation offers promising growth opportunities. Despite its strong performance, Franklin has been advised to reduce by some Analysts. However, it maintained its dividend yielding a positive response from investors.
Franklin Resources BEN News Analytics from Sat, 31 Aug 2024 07:00:00 GMT to Sat, 05 Jul 2025 09:36:07 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
