Franklin Resources Inc, also known as Franklin Templeton, has seen a mix of upturns and downturns. The investment firm had a strong trading period recently but has faced a share price decrease over the last three years. Czech National Bank and Alaska Permanent Fund Corp increased their stakes in the firm, while holdings were trimmed by Vanguard Group Inc, PNC Financial Services Group Inc, and Auxier Asset Management. Despite misses in Q2 earnings and analysts revising forecasts downwards, Franklin Resources announced month-end assets under management. The firm also reported challenges with contracting financial strength and margins in a falling industry. The company has made strategic changes, such as venturing into private investing due to a shrinking mutual-fund business, and indicated interest in blockchain technology for mutual funds and ETFs. The firm's quarterly earnings consistently failed to meet expectations, while its fiscal Q2 earnings missed projections despite high AUM and strategic expansion. Institutions hold about 48% of Franklin Resources shares. Lastly, Franklin Resources opened an office in Saudi Arabia and completed the acquisition of Putnam Investments.
Franklin Resources BEN News Analytics from Sat, 14 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 12:40:07 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor -6
