In a recent string of events surrounding the global investment management organization, Franklin Resources, SEC probes, allegations of securities fraud and revenue dips have been causing serious turbulence. The company's stock (NYSE:BEN) has plummeted, hitting a 52-week low at $19.48, later dipping further to $19.6 amid market shifts. Depreciation was seen following an Analyst downgrade, and the shuttering of a $2 billion fund. Legal firms have come up announcing investigations into claims of securities fraud and urging BEN investors seeking compensation to join the fray. On a brighter note, Q3 revenue has shown a vigorous 8% growth and certain insiders have shown commitment with notable purchases of company stock. Management seems proactive with the declaration of a noteworthy dividend of $0.31 and consciously working on strategic expansions amidst the turmoil. However, despite some analysts being bullish on BEN, the Q3 2024 Earnings fell short of estimates.
Franklin Resources BEN News Analytics from Mon, 15 Jan 2024 17:40:54 GMT to Sat, 07 Sep 2024 10:12:29 GMT -
Rating -6
- Innovation -2
- Information 5
- Rumor -3
