Franklin Resources, Inc. (BEN) has been making numerous headlines recently. Over the last few months, the company's Assets Under Management have been declared several times. There have been some serious securities fraud allegations made, with different law firms urging both investors that have lost money and shareholders to join lawsuits or seek compensation for these alleged wrongdoings. Wells Fargo, however, has initiated coverage of the company with an equal-weight rating. The corporation is also receiving significant attention due to their dividend of $0.31, with certain reports showing that traders have a few days left to become eligible for this return. Amidst these situations, the company's executives have reportedly purchased a substantial number of shares. In the midst of all this, the company is undergoing various changes, for example the shuttering of a $2 billion fund, and co-CIO going on leave, along with the arrival of new team members.
Franklin Templeton, a unit of the company, has announced fund administration as well as selected Aladdin by BlackRock to unify its investment management technology. Finally,
Franklin Resources stocks have been on a rollercoaster ride, hitting a new 52-week-low and then experiencing a slight rise.
Franklin Resources BEN News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Fri, 13 Sep 2024 22:57:32 GMT -
Rating -5
- Innovation -2
- Information 7
- Rumor 0
