In recent updates,
Franklin Resources (BEN) has seen several changes in its share ownership. Notices of stocks being sold and acquired by different entities, including its own buyback program, underscored the
dynamic trading around Franklin Resources shares. Despite some daily losses, the company's stock was noted to have outperformed competitors. There has been a
decrease in stakes held by key institutions such as UBS Group AG and Intech Investment Management LLC, while others like SageView Advisory Group and Norges Bank boosted their shares. The company also turned heads for exceeding Q2 earnings and revenue estimates, but has had a
mixed performance in its fiscal results, with notable increases in net income year-over-year despite missing some projections. The
ownership structure of Franklin Resources has been remarked as strong, backed by 48% institutional investment. Amid these financial reports, the company retains a continuous
dividend yield, recently maintaining it at $0.31 per share. Despite these financial movements, Franklin Resources has been expanding strategically, opening a new office in Saudi Arabia and closing a Putnam acquisition which significantly added to its AUM.
Franklin Resources BEN News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Wed, 29 May 2024 21:19:00 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -7
