Franklin Resources (BEN) has been performing variably in the recent past. Its stocks have increased by
6.9% since the last earnings report, despite stumbling following the closure of a
$2 billion fund. In other developments, Franklin Resources announced a
3.2% hike in quarterly dividends, sustaining a
43-year growth streak. Its assets under management (AUM) witnessed a minor increase of
1.2% in November. However, the firm also experienced
$13 billion outflows in investment products despite hitting
$1.65 trillion AUM. Legal controversies have also surrounded the firm due to possible violations of securities laws. Despite this, prominent organizations including The Manufacturers Life Insurance Company, Benjamin Edwards Inc., and Redwood Investment Management have expanded or initiated their stock positions in Franklin Resources. In less optimistic news, BEN stock has underperformed compared to competitors on some days but has on other occasions outperformed them. Meanwhile, investigations continue on shareholders' rights and allegations of fraud against the firm, posing potential risks.
Franklin Resources BEN News Analytics from Mon, 27 May 2024 07:00:00 GMT to Sat, 07 Dec 2024 18:24:21 GMT -
Rating 4
- Innovation -3
- Information 7
- Rumor -5
