Quantinno Capital Management LP, Man Group plc and other companies, buy and sell shares in Franklin Resources (BEN). Franklin Resources maintains its quarterly dividend at $0.32 per share, even during earnings performance. It plans to convert 10 Putnam municipal bond mutual funds to ETFs, and announces a planned liquidation for three ETFs. Negative news includes a 19% loss for shareholders attributable partly to declining earnings over the past three years, and a 5.7% retreat in stock value after reporting an earnings decline. Positive reports indicate increasing stake by Two Sigma Investments LP and a company upgrade rating from TD Cowen. The company's CEO, Johnson, is set to provide a detailed Q2 performance preview, reporting a Q2 revenue exceeding estimations at $2.11B, but an AUM drop to $1.58T. Franklin Resources presents an attractive dividend yield of 6.4% and its shares might be a safe haven in volatile market conditions.
Franklin Resources BEN News Analytics from Sat, 31 Aug 2024 07:00:00 GMT to Sun, 25 May 2025 00:43:55 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -4
