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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 Resources, Inc. Announces Month-End Assets Under Management

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Franklin Resources, Inc. (Franklin Templeton) reported a growth in assets under management (AUM) to $1.60 trillion in January 2024 from $1.46 trillion in December 2023. The increase was due to acquiring Putnam Investments, despite some net outflows. Fixed Income and Equity classes saw significant increases.
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Franklin Resources, Inc. Announces Quarterly Dividend

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Franklin Resources, Inc. (BEN) has announced a quarterly cash dividend of $0.31 per share, payable on April 12, 2024, to stockholders of record holding shares of common stock at the close of business on March 28, 2024. This represents a 3.3% increase over the quarterly dividend paid for the same quarter last year.
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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 January 31, 2024, and for the fiscal year 2024 year-to-date. The fund's estimated allocations for the January monthly distribution and cumulative estimated allocations fiscal year-to-date as of December 31, 2023, have been detailed, with 100% of the distribution coming from net investment income. Shareholders are advised not to draw any conclusions.
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Franklin Resources, Inc. Announces First Quarter Results

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Franklin Resources, Inc. announced net income of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023, reflecting a decrease from the previous quarter. Adjusted net income was $328.5 million, and adjusted diluted earnings per share was $0.65 for the same period. Total assets under management were $1,455.5 billion at December 31, 2023, up 6% from the previous quarter.
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Franklin Templeton Employees Embrace the Spirit of Giving Through Involved HOLIDAYS Campaign

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Franklin Templeton employees show their generosity and compassion through their global volunteer program, Involved, which introduced Involved HOLIDAYS to extend the spirit of giving during the holiday season. Employees around the globe participated in various volunteer activities, such as gift drives, wrapping events, meal packaging programs, and toy drives, to support charitable organizations and individuals in need.
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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 $1.46 trillion at December 31, 2023, compared to $1.41 trillion at November 30, 2023. The increase in AUM reflected the impact of positive markets and long-term net inflows. For the quarter ended December 31, 2023, AUM reflected the positive impact of markets, partially offset by long-term net outflows of $5.0 billion, which include $10.8 billion of reinvested distributions. On January 1, 2024, Franklin Templeton completed the acquisition of Putnam Investments, which had total AUM of $148 billion as of December 31, 2023.
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Lexington Partners Raises $22.7 Billion for Global Secondary Fund Providing Liquidity Solutions to Owners of Private Investments

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Lexington Partners (Lexington) has announced the successful completion of fundraising for Lexington Capital Partners X, L.P. (LCP X) with $22.7 billion of total capital commitments, surpassing its $15 billion target. LCP X is a 2022 vintage fund that is now more than 40% committed, with a diversified portfolio of more than 50 transactions. The fund strategy focuses on the acquisition of private equity and alternative asset partnership portfolios from large-scale investors, with significant growth expected in the global secondary market in the years ahead.
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Franklin Resources, Inc. to Announce First Quarter Results on January 29, 2024

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Franklin Resources, Inc. (BEN) will release its first quarter operating results on January 29, 2024. President and CEO, Jenny Johnson, along with other executives, will lead a live teleconference to discuss the results and answer questions. Access to the teleconference will be available via investors.franklinresources.com or by dialing (+1) 888-396-8049 in North America or (+1) 416-764-8646 in other locations. A replay of the teleconference can be accessed by calling (+1) 877-674-7070 in North America or (+1) 416-764-8692 in other locations after 2:00 p.m. Eastern Time on January 29, 2024 through February 5, 2024, or via investors.franklinresources.com.
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TIFIN and Franklin Templeton Join Forces to Introduce TIFIN @Work, An Innovative Financial Wellness Solution for Employees

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TIFIN and Franklin Templeton announce partnership to launch TIFIN @Work, a groundbreaking financial wellness solution designed to empower employees and enhance their financial well-being. The offering enables a white-labeled solution for plan advisers to deliver an AI-powered, actionable advice platform for workplace benefits and financial wellness. The partnership combines TIFIN's technological innovation in AI with Franklin Templeton's deep plan adviser network and expertise in the defined contribution industry to create a positive impact across the defined contribution and plan adviser ecosystems.
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Fiduciary Trust International Welcomes Matthew W. McKean as Wealth Director in Boca Raton Office

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Fiduciary Trust International (FTI) has announced that industry veteran Matt McKean has joined the firm as a wealth director based in its Boca Raton office. McKean specializes in multi-generational tax advice and tailored financial strategies for high-net-worth individuals and families, as well as sophisticated investment solutions for foundations and endowments. His addition is expected to drive further growth in the greater South Florida area, which has seen an influx of wealth and business relocation over the past decade.
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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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