Franklin Resources Inc. has seen a mixed bag of events recently. The company’s shares have been purchased by various entities including Envestnet Asset Management and First Trust Advisors LP, meanwhile, Wells Fargo & Company MN and Marshall Wace LLP have lowered their holdings. Analysts predict a probable decline in company’s earnings and share price target adjustments have been made by Morgan Stanley and Barclays. Despite facing outflows and a temporary Co-CIO departure, Franklin maintained its $1.58T AUM as market gains offset heavy exits. The company stocks witnessed a 52-week low twice amidst shifting market environment and scepticism from analysts about the dividend yield.
However, it remains a popular dividend stock with yields above 5%, even considered safe by some investors. Bullish insiders showed faith by investing US$13.3 million in stock. Key management figures such as CEO Johnson detailed the Q2 performance and Charles B Johnson purchased more company shares. The Q1 2025 performance surpassed estimates although the stock underperformed the Nasdaq and Dow. The company struggles amidst intensifying flows and market headwinds, raising questions on its valuation.
Franklin Resources BEN News Analytics from Fri, 23 Aug 2024 07:00:00 GMT to Sat, 26 Apr 2025 19:22:25 GMT - Rating -2 - Innovation -1 - Information 0 - Rumor -5
