Franklin Resources, Inc.'s stake has been lifted by different investors, including
SG Americas Securities LLC,
Duality Advisers LP, and the
State of Alaska Department of Revenue. Despite volatile risk and reward dynamics, Franklin's Assets Under Management (AUM) has risen by 0.7% in June, contributing to the positive market performance. Several institutions, seeing potential in the firm, have increased their investments, such as the Norden Group LLC and
BNP Paribas Financial Markets. However, Franklin Resources recently saw its price target cut to $24.00 by analysts at
UBS Group, indicating a softer outlook. Additionally,
Nordea Investment Management AB and
Sumitomo Mitsui Trust Holdings Inc. cut their stakes. However, Franklin Resources' high institutional ownership of 48% suggests significant confidence among 'big gun' investors. There are concerns about the firm missing its Q2 earnings, prompting analysts to revise their forecasts downwards. Despite some negative sentiment, Franklin Resources is gearing towards private investing as its mutual-fund business shrinks and has announced notable executive changes. The firm has also launched
Franklin Bitcoin ETF (EZBC) and secured funding for Blockhead, led by Franklin Templeton. Franklin Resources'
CEO Jenny Johnson discusses the potential of blockchain technology, signifying Franklin's inclination towards innovation.
Franklin Resources BEN News Analytics from Mon, 06 Mar 2023 08:00:00 GMT to Sun, 14 Jul 2024 12:11:20 GMT -
Rating 0
- Innovation 7
- Information 6
- Rumor -4
