Franklin Resources, Inc. (BEN) continues to face challenges with news of investigations from law firms such as Rosen Law Firm and Bronstein, Gewirtz & Grossman, asking investors to inquire about securities class action investigation. Despite these setbacks, BEN has increased its dividend payout to $0.32, and its AUM was reported to be $1.63 trillion after considerable outflows. Earnings estimates, however, were not met for Q4. Amidst the turmoil, Franklin Resources was noted as having strong financial growth. They were named amongst the best places to work in money management for 2024 but also faced certain negative developments including the shuttering of a $2 billion fund and placing a Co-CIO on leave, along with an SEC investigation. Notwithstanding, Franklin Resources' stock price surged with positive forecasts from Morgan Stanley. The company's recent focus on strategic acquisitions may offer potential growth and stability. Franklin Templeton has been recognized for broadening its wealth management alternatives business while the stock remains cautious due to WAMCO and leverage concerns.
Franklin Resources BEN News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Fri, 03 Jan 2025 18:18:27 GMT -
Rating -4
- Innovation -6
- Information 3
- Rumor -3
