Franklin Resources, Inc. (NYSE:BEN) has caught market attention with several developments. Investment companies have shown increased interest in BEN resulting in new positions being acquired by Jump Financial LLC and BI Asset Management Fondsmaeglerselskab A S, while others like Nomura and Dimensional Fund have maintained significant holdings. Franklin Resources has surpassed Q2 Earnings and Revenue Estimations, maintained a quarterly dividend of $0.31/share and presented a better Q1 earnings beat. However, there is a noted decrease in Q2 2025 EPS estimates by analysts and the Q2 earnings have lagged estimates. High points include BEN presenting mixed Q1 results with net income rising YoY while the fiscal Q1 earnings got a boost from AUM climb. Despite witnessing stock sell-offs by Robeco Institutional Asset Management B.V. and Metis Global Partners, it boasts of a high institutional backing, around 48%. Franklin Resources' position was enhanced by strategic expansions in Saudi Arabia while the company has successfully closed the Putnam acquisition, enhancing its assets under management (AUM). Yet, there are concerns as the AUM slipped by 2.5% in April amid weaker market action. Insider activity has also been noted, with EVP Alok Sethi offloading 25,000 shares.
Franklin Resources BEN News Analytics from Tue, 27 Jun 2023 07:00:00 GMT to Sun, 26 May 2024 18:47:38 GMT -
