Investment management company Franklin Resources, operating as Benjamin Franklin, has been generating notable attention. Amid investigations led by Bronstein, Gewirtz & Grossman, LLC and several law firms regarding securities law violations, the firm continues to illustrate resilience. It remains appealing to investors, despite some challenges and mixed financial performance. Morgan Stanley projects an optimistic forecast for Franklin's stock price, contributing to its status as a desirable Dividend Aristocrat. The firm recently announced an increased quarterly dividend, marking its 43rd year of dividend growth, as well as a significant increase in Assets Under Management (AUM).
Despite facing a co-CIO's leave of absence and the shuttering of a $2-billion fund, Franklin continues to buy back shares and demonstrate strong financial performance. Negative pressure has been felt with a stock underperformance compared to competitors and legal suits launched by shareholders. However, this is offset by the firm's AUM expanding to $1.65T, even with $13B net outflows from investment products. Franklin continues to leverage strategic acquisitions for growth and stability.
Franklin Resources BEN News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Fri, 20 Dec 2024 18:22:36 GMT - Rating 1 - Innovation 3 - Information 8 - Rumor 0
