STOCK TITAN

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.

Rhea-AI Summary

Franklin Resources, Inc. (NYSE:BEN) will announce its fourth quarter and fiscal year 2021 operating results on November 1, 2021, at 8:30 a.m. Eastern Time. A written commentary will also be accessible on their investor relations website. The Company will host a live teleconference at 11:00 a.m. Eastern Time with key executives, including the President and CEO, to discuss the results. With over 70 years of investment experience, Franklin Templeton manages more than $1.5 trillion in assets as of September 30, 2021, serving clients in over 165 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Summary

Franklin Templeton has partnered with LDI-MAP (iJoin) to offer its Goals Optimization Engine (GOE) through iJoin’s managed account technology. This collaboration aims to provide personalized investment advice within defined contribution plans, enhancing access for plan advisors and their clients. The GOE delivers individualized portfolio pathways based on unique client goals, using dynamic programming to increase the likelihood of achieving these goals. This offering targets smaller plans that lack such personalized investment solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
none
Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) has declared a monthly distribution of $0.0425 per share, payable on November 15, 2021, to shareholders of record on October 29, 2021. The fund's primary objective is to provide high current income while preserving capital, with a secondary goal of income growth through dividends and capital appreciation. Distribution amounts may vary based on net investment income, and past distribution levels do not predict future performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
none
-
Rhea-AI Summary

Franklin BSP Realty Trust (FBRT) has successfully completed its merger with Capstead Mortgage Corporation (CMO), following the Merger Agreement dated July 25, 2021. As of October 19, 2021, Capstead's shares have been converted into FBRT common stock and cash. Former Capstead directors have joined FBRT's Board, enhancing governance. The combined entity aims to leverage its position as a leading commercial mortgage REIT with a compelling $100 million share repurchase program to support stock value. The transaction positions FBRT for long-term growth in the real estate debt market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
-
Rhea-AI Summary

Franklin BSP Realty Trust (FBRT) and Capstead Mortgage Corporation (CMO) completed their merger as of October 18, 2021. Under the terms of the merger, CMO shareholders received 0.3288 shares of FBRT and cash totaling $0.94 per share. CMO ceased trading on NYSE following the merger, with FBRT now being the publicly traded entity. The combined company aims to leverage its scale for long-term growth and returns, with a $100 million share repurchase program set to begin shortly. Additionally, three former CMO directors joined FBRT's Board.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) announced its distribution notification for payments scheduled on October 15, 2021. The distribution per share is estimated at $0.0425, sourced entirely from net investment income (100%). Year-to-date cumulative distributions through August 31, 2021 total $0.4262, with 99% being net investment income. The Fund focuses on providing high current income while preserving capital. Actual distribution sources may vary, and shareholders will receive a Form 1099-DIV for tax reporting.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
-
Rhea-AI Summary

Franklin Limited Duration Income Trust (NYSE: FTF) has issued a notification regarding its sources of distribution for the fiscal year-to-date, scheduled for payment on October 15, 2021. The estimated monthly distribution per share is $0.0770, with allocations including net investment income (53%), short-term capital gains (5%), and return of capital (42%). Cumulative estimates reveal a year-to-date distribution of $0.6268 per share. The Fund emphasizes that distributions should not be confused with investment performance, as a portion may be a return of capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
Tags
none
-
Rhea-AI Summary

Franklin BSP Realty Trust, Inc. and Capstead Mortgage Corporation have announced the final exchange ratio and cash consideration for their proposed merger, expected to close on October 19, 2021. Each share of Capstead Common Stock will convert into 0.3288 shares of FBRT Common Stock and receive $0.94 per share in cash from both FBRT and its external manager, Benefit Street Partners. Post-merger, FBRT shares will trade under the ticker symbol 'FBRT' on the NYSE. The merger remains subject to approval by Capstead's stockholders at a special meeting on October 15, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
Rhea-AI Summary

Franklin BSP Realty Trust and Capstead Mortgage Corporation have announced the final exchange ratio and cash consideration for their proposed merger. If completed on October 19, 2021, Capstead shareholders will receive 0.3288 shares of FBRT and cash totaling $0.94 per share. Following the merger, Capstead's common stock will cease trading on NYSE at the end of October 18, 2021. The merger still requires stockholder approval, with a special meeting scheduled for October 15, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags

FAQ

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

The current stock price of Franklin Resources (BEN) is $20.46 as of December 23, 2024.

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

The market cap of Franklin Resources (BEN) is approximately 10.7B.

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.

Franklin Resources, Inc.

NYSE:BEN

BEN Rankings

BEN Stock Data

10.65B
273.65M
46.83%
46.03%
5.5%
Asset Management
Investment Advice
Link
United States of America
SAN MATEO