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.
Franklin Resources reported a net income of $256.4 million or $0.50 per diluted share for the quarter ending June 30, 2022, a significant decline from $349.6 million and $0.68 in the prior quarter and $438.4 million and $0.86 a year ago. Operating income decreased to $404.7 million, down 13% quarter-on-quarter and 15% year-on-year. Total assets under management fell to $1,379.8 billion, a 7% decline since March 2022. However, the company closed acquisitions of Lexington Partners and announced Alcentra, expanding its alternative asset strategies.
Franklin Resources, Inc. (NYSE: BEN) reported a net income of $256.4 million or $0.50 per diluted share for Q3 2022, down 27% from the previous quarter and 42% year-over-year. Operating income declined 13% sequentially to $404.7 million. Assets under management (AUM) fell 7% during the quarter to $1.38 trillion, largely due to market changes and $19.8 billion in long-term net outflows. Despite challenges, the company closed on the acquisition of Lexington Partners and announced Alcentra's acquisition, increasing its alternative AUM to $263 billion.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Franklin Templeton is renaming 13 of its U.S. ETFs, dropping the LibertyShares branding effective August 1, 2022. This decision is part of a strategy to leverage the stronger Franklin Templeton brand amidst the growth of their ETF offerings. The firm boasts over 50 ETFs with approximately $12 billion in assets under management as of June 30, 2022. The changes are expected to enhance clarity for clients as the firm continues to expand its ETF presence, providing a diverse product suite across various asset classes and geographies.
Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of
Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of
Franklin Universal Trust (NYSE: FT) announced a monthly distribution of
Franklin Resources, Inc. (NYSE:BEN) is set to release its third quarter operating results on
Franklin Templeton has launched the Franklin Responsibly Sourced Gold ETF (FGLD), aiming to track the price of gold bullion while minimizing operational expenses at just 15 basis points.
The ETF focuses on responsibly sourced gold in compliance with the London Bullion Market Association's Responsible Gold Guidance. As of May 31, 2022, Franklin Templeton's ETF platform has over $12 billion in assets under management.
The Fund may be subject to volatility and market risks, emphasizing the need for investors to consider these factors before investing.
FAQ
What is the current stock price of Franklin Resources (BEN)?
What is the market cap of Franklin Resources (BEN)?
What is Franklin Resources, Inc.?
How many assets does Franklin Templeton manage?
What types of clients does Franklin Templeton serve?
What is the focus of ClearBridge Investments?
How does Franklin Templeton contribute to ESG initiatives?
What are some recent achievements of ClearBridge Investments?
Where does Franklin Templeton operate?
How does Franklin Templeton ensure diversity and inclusion?
What is the mission of Franklin Templeton?
How does Franklin Templeton support the U.N. Sustainable Development Goals (SDGs)?
