Vanguard Group Inc., Mitsubishi UFJ Asset Management Co., ASR Vermogensbeheer N.V., Deutsche Bank AG and Invesco Ltd. expanded their investments in Franklin Resources, Inc. (NYSE:BEN), while Mizuho Markets Americas LLC and New Age Alpha Advisors LLC sold their holdings. Franklin has been completing share buybacks in an attempt to boost earnings. Morgan Stanley gave Franklin a $21.00 price target and Barclays reiterated its 'Underweight' rating. Despite declining profits, the company has hit a $1.62 trillion AUM milestone. The Q3 earnings report showed a narrow miss, possibly due to a decline in Western Asset's $3B outflow. Nevertheless, Franklin still managed to secure strategic growth in alternatives and blockchain technology, which positively impacts its market outlook. Despite this, a mixed signals analysis reveals weaker earnings combined with strong technicals and mixed analysts' views. Overall, Franklin Resources' strategic shifts and improved dividends make it an attractive investment for value investors.
Franklin Resources BEN News Analytics from Wed, 27 Nov 2024 08:00:00 GMT to Sat, 16 Aug 2025 22:31:39 GMT -
Rating 3
- Innovation 3
- Information 8
- Rumor -3
