Franklin Resources (BEN) reports mixed flows as Total Assets Under Management (AUM) hit $1.57T. Several companies are reshuffling their stakes in BEN -
Clare Market Investments, Vest Financial, and Fire Capital Management are buying new shares while
Bank of America and Cetera Investment Advisers are cutting their holdings. On the upside, the BEN stock receives a 'Buy' rating from
TD Cowen, and outperforming expectations are anticipated post-June. BEN continues to expand its European footprint with
Apera acquisition intended to broaden their alternatives platform. However,
Western Asset saw significant December outflows, bringing the AUM down to $1.58T. BEN's stock hit 52-week lows, and Wall Street displays a mixed attitude with some analysts expressing skepticism. This did not deter some firms from investing, like the
California State Teachers Retirement System and
Wellington Management Group, who increased their positions. Earnings have been disappointing for the previous three years, accounting for shareholders' 19% partial loss. The firm plans to convert 10 Putnam municipal bond mutual funds into ETFs; however, they face scrutiny from the investor community. With a 6.4% yield, BEN continues to be a desirable dividend stock, maintaining its quarterly dividend at $0.32 per share, despite some parties dubbing it a potentially risky dividend aristocrat.
Franklin Resources BEN News Analytics from Sat, 31 Aug 2024 07:00:00 GMT to Sat, 07 Jun 2025 05:56:16 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -6
