Franklin Resources Inc (BEN), a global investment management organization, is engaged in the asset management industry with varied institutional ownership. While the firm struggles with underperformance relative to competitors and receives an "Reduce" average rating from analysts, it continues to catch investor interest. Positions in the company are being consistently taken or boosted by several financial entities, such as Charles Schwab Investment Management, M&T Bank Corp, and Natixis Advisors, among others. Notwithstanding its Quarter 2 earnings estimates decline and earnings lag, the company's attractive dividend policy, which has been increased to $0.31 recently, and strategic expansions keep it a solid choice. Value investors are also showing interest due to its undervalued status, and high volume of call options have been bought lately. Despite the company's assets under management (AUM) showing a recent dip, the strong institutional backing, with a 48% ownership, ensures robust support. Some concerns, however, persist over Franklin's weaker markets and negative market action. The company is also expecting revenues to beat expectations, albeit with earnings per share lagging.
Franklin Resources BEN News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Sun, 19 May 2024 12:03:00 GMT -
Rating +2
- Innovation -2
- Information +5
- Rumor -3
