Franklin Resources, a global investment management firm, has been in the spotlight recently. Despite performing under the market in recent times, the company experienced a boost in its
stock holdings, as presented in a report by
BNP Paribas Financial Markets. However, it also noted that several other stakeholders, including
Russell Investments Group and
Spire Wealth Management, have reduced their positions.
Franklin Resources has also registered
missed Q2 earnings alongside strategic expansions, which has sparked concerns from investors.
Yet, the company has attracted interest from
Apollon Wealth Management and
Los Angeles Capital Management where they have purchased stakes and shares respectively. Despite receiving a
sell recommendation from
Goldman Sachs, there's evidence that
Franklin Resources has high institutional backing and a rising AUM owing to a
strategic acquisition.
The company's future, however, is not uncomplicated as evidenced by mixed
Q1 results but a yearly rise in net income. The company is shifting towards
private investing as its mutual-fund business contracts, alongside the opening of a new office in
Saudi Arabia.
Franklin Resources BEN News Analytics from Tue, 27 Jun 2023 07:00:00 GMT to Thu, 16 May 2024 17:51:36 GMT -
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