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Franklin Resources, Inc. - BEN STOCK NEWS

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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 Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results

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Franklin Resources, Inc. (NYSE: BEN) reported preliminary net income of $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023, compared to $227.5 million or $0.44 per diluted share for the previous quarter. Preliminary net income for the year ended September 30, 2023, was $882.8 million or $1.72 per diluted share. The company's long-term net flows were positive in key areas, including alternatives, multi-asset, ETFs, Canvas, and the high-net-worth channel. The acquisition of Alcentra, a leading European credit manager, doubled the company's alternative credit assets under management (AUM). The pending acquisition of Putnam Investments will strengthen its presence in the retirement and insurance segments.
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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 [NYSE: WIW] has released a notification of sources of distributions. The estimated allocations for the October monthly distribution as of September 30, 2023, are as follows: Distribution Per Share: $0.1185, Net Investment Income: $0.1185, Net Realized Short-Term Capital Gains: $0.0000, Net Realized Long-Term Capital Gains: $0.0000, Return of Capital: $0.0000. The cumulative estimated allocations for the fiscal year-to-date as of September 30, 2023, are: Distribution Per Share: $0.9590, Net Investment Income: $0.9590, Net Realized Short-Term Capital Gains: $0.0000, Net Realized Long-Term Capital Gains: $0.0000, Return of Capital: $0.0000.
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Fiduciary Trust International Continues Expansion in South Florida, Opening New Office in West Palm Beach

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Fiduciary Trust International, a global wealth manager, has opened a new office in West Palm Beach, Florida, providing local access to customized investment and wealth management services for high-net-worth clients. The region is attracting financial services companies from New York, earning the nickname 'Wall Street South.' The company aims to bring its expertise and offerings to more people in the area through the new office.
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Kenneth J. Kito, CFP® Joins Fiduciary Trust International as Wealth Director in New York Office

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Fiduciary Trust International, a wealth manager and subsidiary of Franklin Templeton, has hired Kenneth J. Kito as a wealth director in its New York office. Kito's expertise in sales and growth will support the firm's strategies across equity, fixed income, and alternatives. Fiduciary Trust International sees New York as a vital region for expansion.
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Clarion Partners Highlights Latest ESG Strategies, Policies and Achievements in New Report

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Clarion Partners LLC earns industry recognition for its environmental, social, and governance initiatives.
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Franklin Templeton Establishes Partnership with Venerable

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Franklin Templeton partners with Venerable Holdings to provide sub-advisory services for the Venerable Variable Insurance Trust. Franklin Templeton will work alongside Russell Investments to design funds and select money managers for the trust. The partnership aims to deliver better outcomes for clients and address the evolving needs of the insurance industry.
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Franklin Resources, Inc. Announces Month-End Assets Under Management

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Franklin Templeton reports decrease in assets under management
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Franklin Resources, Inc. to Announce Fourth Quarter and Fiscal Year Results on October 31, 2023

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Franklin Resources, Inc. to release preliminary Q4 and FY 2023 operating results
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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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The Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) has announced its estimated sources of distribution for September 29, 2023, and the fiscal year 2023 year-to-date. The distribution per share is $0.0605, with 100% allocated to net investment income. The cumulative estimated allocations for the fiscal year-to-date are $0.8405 per share, with 100% allocated to net investment income. Shareholders should note that a portion of the distribution may be a return of capital. The Fund's average annual total return for the 5-year period ended on August 31, 2023, is 2.03%, and the annualized distribution rate as of August 31, 2023, is 12.78% of NAV. The cumulative total return for the fiscal period through August 31, 2023, is 0.53%, and the cumulative fiscal year-to-date distribution rate as of August 31, 2023, is 8.24% of NAV.
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Neptune-GBX® & Fiduciary Trust International Team Up to Provide Precious Metals Investors with Institutional-Quality Custodian, Cash Management & Reporting Services

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Neptune-GBX partners with Fiduciary Trust International to simplify investing in precious metals and increase distribution capabilities
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FAQ

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

The current stock price of Franklin Resources (BEN) is $19.8 as of January 9, 2025.

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

The market cap of Franklin Resources (BEN) is approximately 10.4B.

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

#836 Ranked by Market Cap
#422 Ranked by Dividends

BEN Stock Data

10.37B
273.65M
47.72%
45.95%
4.5%
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