Norden Group LLC acquires 35,220 shares in
Franklin Resources, and it's seen as a potential best
Dividend Aristocrat. Despite underperforming compared to competitors, there is a renewed interest in Franklin Resources, with the
Retirement Systems of Alabama and the
State of Michigan Retirement System purchasing more shares. Although the company receives a 'reduce' rating from some analysts, Franklin Resources still proves itself to be an attractive option for investors. With the approach of its
ex-dividend date and the company's successful efforts in private investing, it's a new buy for many. However, financial performances miss analyst projections, driving some insider holdings down by 90%. Nevertheless,
institutional ownership remains strong at 48%, indicating market confidence. Net income rises YOY, but the company misses EPS forecast. Amid these developments, Franklin Resources continues to focus on social responsibility and has increased its AUM by 5.9%. Its shares go on a bit of a rollercoaster ride but maintain favor with some major stakeholders. In addition, Franklin Resources seems to be branching out, opening offices abroad, acquiring
Putnam Investments and exploring blockchain possibilities.
Franklin Resources BEN News Analytics from Tue, 18 Feb 2020 08:00:00 GMT to Sun, 07 Jul 2024 10:52:01 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -1
