Franklin Resources Inc. (BEN) has been drawing investor focus recently for various reasons. The firm is gaining traction as a go-to stock for
passive income by boosting its annual dividend payout by 3.2%, increasing its attractiveness to income-seekers. It also launched a
Crypto Index ETF, extending its reach into the cryptocurrency sector.
However, prosecutors also initiated some investigations into potential securities law violations, which cast a shadow over the firm's image. Despite the controversy, several investment firms, like the
ING Groep NV and the
Illinois Municipal Retirement Fund, increased their position in Franklin Resources. Its assets under management (AUM) dropped to
$1.58T due to major outflows from Western Asset.
Franklin Resources shares saw a drop of 5%, causing market speculation. Despite beating Q1 expectations, the company's shares witnessed fluctuations, signaling potential risks for investors.
The growth appears to be driven by a mixture of strong core business growth and a marked shift towards more progressive models, including an increase in dividends for shareholders. Still, Franklin Resources is dealing with elevated outflows and the recent closing of a $2 billion fund.
Franklin Resources BEN News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 12:30:00 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -3
