Franklin Resources (BEN) faces a projected decline in earnings, with an upcoming earnings release expected. The firm witnessed notable developments such as launching two new ultra-low-fee Dividend ETFs and a $904M Private Equity Fund with quarterly liquidity, yet endured serious setbacks such as frequent large fund outflows culminating in a notable dip in Assets Under Management (AUM) and the shuttering of a $2 Billion Fund. The co-CIO was also placed on leave, sparking legal and regulatory scrutiny. The firm's erratic performance has seen a fluctuating stock value. While it hit new 12-month lows, it also managed to rise by 6.9% since last earning reports. Despite formidable challenges, Franklin Resources still promises deep value, boasting being one of the best Dividend Aristocrats to buy now, paying larger dividends each year despite estimates. Nevertheless, analyst outlooks remain cautious due to significant outflows and leverage concerns.
Franklin Resources BEN News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Fri, 24 Jan 2025 15:00:23 GMT -
Rating -2
- Innovation 3
- Information 3
- Rumor -4
