Franklin Resources Inc. (BEN) has drawn significant attention in the stock market, primarily due to its recent actions and financial performance. The company's shares have been acquired by a variety of institutions including the National Bank of Canada FI and Virtu Financial LLC, demonstrating a strong investor confidence. Under the scrutiny of multiple law firms for possible securities law violations, the firm is inviting stockholders to join the inquiry. Despite this, it continues to perform well, increasing its dividend to $0.32 amidst a challenging period. While Franklin Resources’ three-year performance has reportedly not yielded profit, it has experienced a 6.9% rise since its last earnings report. Several financial analysts, like those from Barclays and Wells Fargo, forecast a strong price appreciation for BEN. The company's assets under management (AUM) have hit $1.65 trillion despite a net outflow from investment products. Simultaneously, a number of investment management firms have increased their positions in BEN. However, previous closures of funds and potential securities violations raise concerns about its future.
Franklin Resources BEN News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Sat, 14 Dec 2024 10:50:37 GMT -
Rating 3
- Innovation -3
- Information 5
- Rumor -5
