Franklin Resources, a global investment management firm, reported a
quarterly dividend of $0.32. The funds managed by the firm encountered some volatility, with the stock price experiencing a significant decline. However, despite the report of a $17B Western Asset Exodus, Franklin Resources shows promising core business growth.
Analysts at institutions such as BMO Capital Markets and Wells Fargo & Company anticipate the stock price to gain strength. Additionally, a new
price target was set at $22.00 by some analysts. The firm announced that it had missed its first quarter 2025 earnings expectations. Notably, some investment firms bought substantial shares in Franklin Resources, indicative of their positive outlook towards the firm. Despite the workforce reduction by 3%, its
assets under management increased in January 2025. Franklin Resources also surpassed Q1 earnings and revenue estimates, enhancing its appeal to
dividend investors. Controversy comes with the announcement of Pomerantz Law Firm's investigation into the firm on behalf of its investors. With recent approval of its new Crypto Index ETF focused on Bitcoin and Ether, the firm seems to be making forays into the innovative world of
cryptocurrencies.
Franklin Resources BEN News Analytics from Fri, 23 Aug 2024 07:00:00 GMT to Sat, 08 Feb 2025 09:50:42 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
