Franklin Resources, Inc. (BEN) has recently clarified several key points regarding its financial status and strategy. The firm demonstrated strong dividend performance and was identified as one of the best dividend stocks under $30. Their Q1 earnings beat expectations by $0.03 per share; however, their overall assets under management (AUM) took a significant hit. The company announced a critical transformative phase, witnessing $18B inflows ex-Western. Analyses suggest a balanced outlook for Franklin Resources. Wealth management companies like Twelve Points and SteelPeak have upped their holdings in BEN. Notwithstanding the encouraging data, Franklin Resources also faced difficulties, including a 13% one-day stock fall and major December outflows from Western Asset. The company is under investigation by the Pomerantz Law Firm for potential claims on behalf of investors. Despite these challenges, BEN remains popular among investors and is considered a bargain with an attractive yield of 6.38%. Yet, Franklin Resources also saw financial recovery in its Q1 earnings after a disappointing fiscal Q4 and continued to face scrutiny from investors.
Franklin Resources BEN News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Sun, 02 Feb 2025 00:16:15 GMT -
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