Franklin Resources (BEN) has been a focal point in the stock market recently with various positions being taken and several updates, both positive and negative. Preliminary figures indicate a decline in assets under management, coupled with major outflows at Western Asset. Despite concerns, the stock has been perceived favorably by value investors, thanks to its attractive yield and affordable P/E. Recent investment inflow announcements include Inceptionr making a $1.21 million investment and Illinois Municipal Retirement Fund buying almost 30,000 shares. However, the company faced a setback after the closure of a $2 billion fund and the placement of its Co-CIO on leave, triggering a downturn in stock value. Although concerns remain about future earnings, BEN has been listed among low PE high dividend stocks to buy now. Additionally, despite $13B net outflows from investment products, the asset under management (AUM) hit $1.65T. The firm also announced a greater dividend for the current year compared to the previous year. Zacks Research has a bearish outlook for their FY2027 earnings, and they face a securities fraud investigation. In a recent development, BEN has launched the Franklin Crypto Index ETF.
Franklin Resources BEN News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Sat, 08 Mar 2025 08:39:10 GMT -
Rating -2
- Innovation -4
- Information 6
- Rumor 0
