Envestnet Portfolio Solutions Inc. invested $305,000 in Franklin Resources. Analysts expect a decline in Franklin Resources' earnings, but Oppenheimer has acquired an additional 1,250 shares and the firm has outperformed competitors. The State of Florida's Retirement System made a significant purchase, as well as did Mizuho Markets Americas. Despite underperforming compared to competitors recently, Franklin Resources was turned into a new buy stock. Texas Permanent School Fund increased its position, and Franklin announced an increase in Assets Under Management (AUM) by 0.7% in June. Strategic expansions have been noted, despite earnings falling short of projections. Institutional backing remains strong with 48% ownership. Financial strength is reportedly lagging, while private investing is increasing. The company missed EPS by 51% causing analysts to revise their forecasts. Franklin has a high yield although long-term challenges remain. Asset management ticks up but insider holding is lowered. A recent acquisition has been completed, adding $142B in AUM. An executive made a significant investment in the company's stock, while it also launched a suite of tax-managed active and passive SMAs at UBS.
Franklin Resources BEN News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 14:37:18 GMT -
Rating -5
- Innovation -3
- Information 8
- Rumor 2
