Franklin Resources Inc. (BEN) experienced a turbulent period with fluctuations in stock value. A major setback was the significant asset exodus from the Western Asset division. However, the core business growth remains strong. Despite predictions of earnings declines, the company surpassed both Q1 Earnings and Revenue estimates. The company's Assets Under Management (AUM) decreased, largely attributed to major December and October outflows. Franklin's stock saw a considerable drop after the shutdown of a $2 billion fund and the temporary departure of the Co-CIO. Nevertheless, the annual dividend payout increased, and the firm is still considered among the best dividend stocks under $30. Wells Fargo & Company forecasts the Franklin's stock price will rise, and the company expects a larger dividend than last year. Despite challenges, Franklin's Q1 2025 earnings call revealed efforts around strategic navigation and problem-solving alongside an increased dividend yield of 5%. There are ongoing legal investigations into Franklin's potential securities law violations.
Franklin Resources BEN News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Mon, 10 Feb 2025 08:00:00 GMT -
Rating 1
- Innovation 0
- Information 7
- Rumor -4
