Franklin Resources Inc. (BEN), a global investment management corporation, has been catching attention with several strategic moves and performance indicators. The company recently announced its quarterly
dividend of $0.32 per share, a significant factor for income-focused investors. Financial firms, such as Perennial Advisors and Woodline Partners, have been purchasing stakes, contributing to the increasing activity in the stock. Besides, the institutions that raised their holdings in the BEN are Quantinno Capital Management and Two Sigma Investments.
Siemens Fonds Invest GmbH and Man Group plc also increased their holdings significantly.
The company’s assets under management have been reported, alongside the release of the second quarter results. On the downside, BEN faces a potential risk of being a 'dividend trap' by 2025, as predicted by certain market analysts. Meanwhile, Bank of America, Ameriprise Financial, and Poehling Capital Management sold a notable amount of shares. In terms of dividend yields, Franklin Resources ranks as one of the highest, expected to remain a lucrative investment for passive income. Despite minor setbacks recently reported, consistent support from bullish insider investors showcases a strong faith in the company’s potential future growth.
Franklin Resources BEN News Analytics from Sat, 31 Aug 2024 07:00:00 GMT to Sat, 31 May 2025 16:49:01 GMT -
Rating 1
- Innovation 0
- Information 2
- Rumor -4
