Franklin Resources (BEN) displayed a mixed performance with strong financial strides marking growth and stability, strategic acquisitions, and high dividends despite tough industry conditions and contracting margins. However, the company faced significant hurdles with instances of underperforming stock when compared to competitors and a notable stock fall of 13%. A recent investigation for possible securities law violation adds to the challenges. Another concern was the relinquishment of the $2 billion fund and the co-CIO going on leave. Various institutions initiated coverage of BEN, mostly with Equal-Weight or Underweight recommendations. The firm also faced month-end Assets under Management announcements multiple times. Analyst projections offer varied perspectives about the future of Franklin Resources while Wall Street remains bullish despite occasional earnings miss and ongoing SEC investigations. Franklin Templeton, the well-known subsidiary of Franklin Resources, expanded their partnership with Envestnet and is closing three funds. Despite the challenges, some insiders have increased their holdings. Amid market shifts, Franklin Resources hit a 52-week low at $19.6.
Franklin Resources BEN News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Fri, 04 Oct 2024 14:06:51 GMT -
Rating -2
- Innovation 1
- Information 5
- Rumor -3
