In a series of recent events, Franklin Resources, Inc. (BEN) grabbed investors' attention. UBS Asset Management owns $40 Mn of the company's holdings, while Goldman Sachs boosted their shares in BEN to 'buy' before cutting down its holdings. Nomura Holdings and Modern Wealth Management increased their shares in Franklin Resources. The company's Q3 earnings topped expectations, revealing CEO Johnson’s key financial updates, but a decline in earnings led to a stock retreat of 5.7%.
BEN aims to provide private infrastructure solutions to investors via a partnership with Binance for enhancing its private wealth offerings, while simultaneously enhancing its digital asset features. The company saw its Q3 revenue surpassed expectations. Franklin’s consistent dividend of $0.32 per share remains, appealing to investors as a safe dividend stock. On potential setbacks, the fallout from Western Assets continues and the recent valuation pullback is being assessed. It has also been reported that Franklin Resources may liquidate Sustainable International Equity ETF in January.
Franklin Resources BEN News Analytics from Wed, 13 Nov 2024 08:00:00 GMT to Sat, 20 Sep 2025 19:11:51 GMT - Rating 5 - Innovation -3 - Information 8 - Rumor 0
