There have been a series of developments related to
Franklin Resources, Inc. (BEN), a reputed asset manager and investment expert. Persistent mixed signals in the stock market resulted in a volatile path for BEN. Despite outflows, the company reported a
topping of estimates in Q3 earnings and revenues. The aftermath of the fallout with Western Asset still continues to affect Franklin Resources. Major stakeholders including Point72 Europe London, Wellington Management Group, and Nomura Holdings have significantly increased their stock holdings in BEN. However, the stock has also seen contraction in holdings from entities like Raymond James Financial and Quantbot Technologies. Notable investments have also been made by Evergreen Capital Management and Jump Financial. Amid market volatility, BEN has demonstrated a balanced strategy leading to asset growth, further intriguing Goldman Sachs to upgrade BEN's stock to a
'Buy'. BEN’s adventurous launch of Low-fee Global Index ETFs in Canada could see a mixed response from investors. Franklin Resources has been identified as one of the safest dividend stocks yielding above 5%, making it an attractive stock for passive income. The valuation of BEN has been impacted by mixed analyst ratings and technical neutrality. A mid Q3 earnings miss sent the stock into a slump, however, the stock rebounded to create a new 52-week high after an analyst upgrade.
Franklin Resources plans on expanding its Alternatives Platforms with agreements to acquire Apera. Despite rumors of underperformance, shareholders anticipate a bigger dividend payout than last year, making the stock a value favorite for investors.
Franklin Resources BEN News Analytics from Wed, 27 Nov 2024 08:00:00 GMT to Sat, 06 Sep 2025 21:48:05 GMT -
Rating 2
- Innovation 7
- Information 8
- Rumor -3
