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Franklin Resources, Inc. - BEN STOCK NEWS

Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.

Franklin Resources, Inc. (NYSE: BEN), commonly known as Franklin Templeton, is a prominent global investment management organization. With more than 75 years of expertise, Franklin Templeton delivers a suite of investment services aimed at both individual and institutional investors. As of April 2024, the company oversees $1.602 trillion in managed assets, comprising 35% equity, 35% fixed-income, 10% multi-asset/balanced funds, 16% alternatives, and 4% money market funds.

Franklin Templeton is renowned for its diverse portfolio and global reach, with more than a third of its assets under management (AUM) invested in international strategies. Furthermore, approximately 30% of managed assets are sourced from clients outside the United States. The company's client base is balanced between retail investors at 52% and institutional accounts at 46%, with high-net-worth individuals accounting for the remainder.

Recently, the company's subsidiary, ClearBridge Investments, released its seventh annual Stewardship Report, highlighting its commitment to environmental, social, and governance (ESG) factors. With $188 billion in assets under management, ClearBridge actively integrates ESG considerations into its investment process, promoting sustainable practices and responsible investing. In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment and joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, advocating for fair wages in line with international human rights standards.

Franklin Templeton's dedication to ESG is further exemplified through ClearBridge's active ownership and engagement strategies. In 2023, ClearBridge voted on over 15,000 shareholder proposals and engaged with more than 1,000 companies to drive positive change. The firm's commitment to diversity and inclusion is also noteworthy, with strong representation of women and people of color among its staff and investment teams.

Franklin Templeton continues to advance the U.N. Sustainable Development Goals (SDGs) through various philanthropic efforts. ClearBridge's partnership with WaterAid since 2013 has improved clean water accessibility in Timor-Leste, directly supporting SDG 6: Clean Water and Sanitation.

With a mission to help clients achieve better outcomes through specialized investment management and wealth management solutions, Franklin Templeton operates with a global presence in over 150 countries. The company leverages its extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions to serve a diverse clientele, bolstered by a team of over 1,500 investment professionals stationed in major financial markets worldwide.

News

Franklin Templeton Completes Acquisition of Putnam Investments

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Franklin Resources, Inc. [NYSE:BEN] completes acquisition of Putnam Investments from Great-West Lifeco, Inc., accelerating growth in the retirement sector and increasing defined contribution AUM to over $100 billion.
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Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions

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Western Asset Inflation-Linked Opportunities & Income Fund (WIW) announces estimated sources of distributions for December 29, 2023, and fiscal year 2023, including net investment income, realized capital gains, and return of capital.
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Franklin Templeton Recognizes Employees for Contributions to the Community

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Franklin Templeton (FT) recognizes Prerna Nemali, Senior Analyst, Investment and Trade Client Services, with the 2023 Harmon E. Burns Award for her outstanding community service through the nonprofit With You, Spreading Smiles. The award, named after long-time employee Harmon Burns, honors employees making extraordinary contributions to their communities. Prerna's work with With You includes various social service initiatives, such as food and blood donation drives, providing necessities to the homeless, clearing pending school fees for underprivileged students, and fulfilling wishes of HIV-affected children. With You stands out for its diverse initiatives and unique approach of not fundraising but relying on the power of kind acts over cash.
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Franklin Resources, Inc. Announces Quarterly Dividend and Addition to Stock Repurchase Program

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Franklin Resources, Inc. (NYSE:BEN) announced a 3.3% increase in its quarterly cash dividend to $0.31 per share, payable on January 12, 2024. The company has consistently raised its dividend every year since 1981 and has authorized the repurchase of up to 27.2 million additional shares of its common stock.
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Fiduciary Trust International’s Board of Directors Elevates Senior Executives

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Fiduciary Trust International (FTI) announces Gene Todd as the new President, Craig S. Richards as the COO, and Leslie Gillin Bohner as the General Trust Counsel. Todd, who joined in January 2020, will continue to lead regional offices and work on growing market share, revenue, and profitability. Bohner will oversee trust and estate operations and lead the Delaware business, while Richards will manage the delivery of wealth management services. The leadership changes reflect the company's commitment to growth and stability.
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Franklin Templeton Recognized in Pensions & Investments Best Places to Work in Money Management

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Franklin Templeton (BEN) and its investment managers, Clarion Partners and ClearBridge Investments, were recognized in the 2023 Best Places to Work in Money Management program by Pensions & Investments. Franklin Templeton was included in the Super Employers category, while Clarion Partners and ClearBridge Investments were included in the Large Employers category. The survey and recognition program aims to identify and honor the best employers in the money management industry. The companies were evaluated based on workplace policies, practices, philosophy, systems, demographics, and employee experience. Franklin Templeton's CEO emphasized the importance of inclusive values-based culture and empowering employees. The companies prioritize collaboration, continuous learning, total rewards, and professional development to support employee well-being. The recognition reflects their commitment to building and maintaining a strong workplace culture.
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Franklin Resources, Inc. Announces Month-End Assets Under Management

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Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) reported preliminary month-end assets under management (AUM) of $1.41 trillion at November 30, 2023, compared to $1.33 trillion at October 31, 2023. The increase in AUM was driven by positive markets and flat long-term net outflows. The breakdown by asset class showed growth in Fixed Income, Equity, Alternative, and Multi-Asset categories. However, Cash Management experienced a slight decrease.
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Clarion Partners Completes 24 LEED Certifications Under the LEED Volume Program

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Clarion Partners, LLC (Ticker: CP) achieves LEED certification for 24 industrial development projects under the U.S. Green Building Council's LEED Volume Program. The company has more than 8.8 million square feet of additional industrial development underway or soon to begin that is expected to achieve LEED certification over the next 6 to 12 months, with a pipeline of more than 20 million square feet of additional planned developments currently under review. The LEED Volume program allows Clarion to achieve LEED certification for development projects in a more efficient and cost-effective manner, offering expedited opportunities for the Firm to deliver Class A, modern, logistics facilities. Clarion believes that achieving LEED certification for new developments will help attract and retain high-quality tenants in the U.S. industrial sector.
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Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions

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Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced the estimated sources of the distribution to be paid on November 30, 2023, and for the fiscal year 2023 year-to-date. The distribution per share, net investment income, and other sources are detailed in the press release.
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Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations

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Franklin Templeton (BEN) commissions first landscape study since 2019, revealing corporate pension plans reaching fully-funded status, signaling changes to their liability-driven investment (LDI) approaches. The average pension was just 88 percent funded at the end of 2020, but the rise in interest rates has resulted in many corporate DB plans reaching fully-funded status, now 104 percent on average, in less than two years. 73 percent of pension plans report funding ratios of 100 percent or higher, while 23 percent report funding ratios in excess of 110 percent. The challenge pension funds now face is preserving these healthy funding levels, with 70 percent of plans indicating that protecting funded status at current levels is a top investment priority compared to 20 percent of plans that cite generating returns to maximize funded status as their top investment priority.
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FAQ

What is the current stock price of Franklin Resources (BEN)?

The current stock price of Franklin Resources (BEN) is $21.67 as of November 15, 2024.

What is the market cap of Franklin Resources (BEN)?

The market cap of Franklin Resources (BEN) is approximately 11.2B.

What is Franklin Resources, Inc.?

Franklin Resources, Inc. (NYSE: BEN), also known as Franklin Templeton, is a global investment management organization managing a diverse range of assets and serving individual and institutional investors worldwide.

How many assets does Franklin Templeton manage?

As of April 2024, Franklin Templeton manages $1.602 trillion in assets, including equity, fixed-income, multi-asset, alternatives, and money market funds.

What types of clients does Franklin Templeton serve?

Franklin Templeton serves both retail investors (52% of AUM) and institutional accounts (46% of AUM), with high-net-worth clients accounting for the remaining portion.

What is the focus of ClearBridge Investments?

ClearBridge Investments, a subsidiary of Franklin Templeton, focuses on integrating environmental, social, and governance (ESG) factors into its investment process to promote sustainable practices and responsible investing.

How does Franklin Templeton contribute to ESG initiatives?

Franklin Templeton, through ClearBridge Investments, actively engages in ESG initiatives by voting on shareholder proposals, engaging with companies, and participating in efforts like the U.N. Sustainable Development Goals and WaterAid projects.

What are some recent achievements of ClearBridge Investments?

In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment, joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, and enhanced its ESG policies.

Where does Franklin Templeton operate?

Franklin Templeton operates in over 150 countries, with offices in major financial markets worldwide, providing a global reach for its investment services.

How does Franklin Templeton ensure diversity and inclusion?

Franklin Templeton promotes diversity and inclusion by maintaining strong representation of women and people of color among its workforce, with ongoing efforts to increase diversity within its investment teams.

What is the mission of Franklin Templeton?

The mission of Franklin Templeton is to help clients achieve better outcomes through specialized investment management, wealth management, and technology solutions.

How does Franklin Templeton support the U.N. Sustainable Development Goals (SDGs)?

Franklin Templeton supports the U.N. SDGs through active public equity ownership and philanthropic efforts, such as its partnership with WaterAid to improve clean water accessibility in Timor-Leste.

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Franklin Resources, Inc.

NYSE:BEN

BEN Rankings

#788 Ranked by Market Cap
#477 Ranked by Dividends

BEN Stock Data

11.23B
523.00M
46.85%
44.9%
6.21%
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