BEN - Franklin Resources, Inc.

NYSE - NYSE Delayed price. Currency in USD
19.49
+0.62 (+3.29%)
At close: 4:00PM EDT
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Previous close18.87
Open18.96
Bid19.56 x 1300
Ask19.80 x 1000
Day's range18.85 - 19.72
52-week range14.91 - 35.77
Volume3,332,667
Avg. volume5,605,819
Market cap9.654B
Beta (5Y monthly)1.31
PE ratio (TTM)9.96
EPS (TTM)1.96
Earnings date28 Jul 2020 - 03 Aug 2020
Forward dividend & yield1.08 (5.72%)
Ex-dividend date30 Mar 2020
1y target est18.25
  • Business Wire

    Templeton Emerging Markets Income Fund ("TEI") Announces Distribution

    Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0471 per share, payable on June 30, 2020, to shareholders of record on June 15, 2020 (Ex-Dividend Date: June 12, 2020).

  • Business Wire

    Templeton Global Income Fund ("GIM") Announces Distribution

    Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0133 per share, payable on June 30, 2020, to shareholders of record on June 15, 2020 (Ex-Dividend Date: June 12, 2020).

  • Why Is Franklin Resources (BEN) Up 0.2% Since Last Earnings Report?
    Zacks

    Why Is Franklin Resources (BEN) Up 0.2% Since Last Earnings Report?

    Franklin Resources (BEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Bloomberg

    Franklin Fires Staffer the Day After Park Video Goes Viral

    (Bloomberg) -- The video of an altercation on Monday between a white female executive and a black man in Central Park went viral almost immediately. Within 24 hours, the woman was out of a job.The woman, an employee of Franklin Templeton, is seen calling the police on her mobile phone saying “there is an African American man, I am in Central Park. He is recording me, and threatening myself and my dog.” The man had earlier asked her to leash her dog in the wooded area of the park, called the Ramble, according to his account.The incident underscores the nature of race relations in the U.S., in which African-Americans have faced outbursts -- and worse -- from whites while simply going about their business. It also demonstrates that companies are increasingly holding employees accountable even for behavior that occurs outside the office.“We’re living in chaos and predictable responses are going out the window,” said Davia Temin, founder of New York City crisis consultancy Temin and Co. “What wisdom would tell you, is to just walk away. But that usually takes a less stressful environment, and right now all the ions are charged.”pic.twitter.com/3YnzuATsDm— Melody Cooper (@melodyMcooper) May 25, 2020 On Monday, Franklin Templeton placed the woman, Amy Cooper, the firm’s head of insurance investment, on leave. By Tuesday afternoon, they fired her over the episode.“Following our internal review of the incident in Central Park yesterday, we have made the decision to terminate the employee involved, effective immediately,” a spokeswoman for the company said in a statement. “We do not tolerate racism of any kind at Franklin Templeton.”In the video posted on Facebook, the woman takes out her phone and says she will tell the police there is “an African American man threatening my life.” The man, Christian Cooper, is taping her on his phone.In a statement issued on Tuesday after she was fired, Amy Cooper expressed regret over the incident.“I want to apologize to Chris Cooper for my actions when I encountered him in Central Park yesterday,” she said. “I reacted emotionally and made false assumptions about his intentions when, in fact, I was the one who was acting inappropriately by not having my dog on a leash.”Cooper added that she was “well aware of the pain that misassumptions and insensitive statements about race cause” and never imagined she would be involved in such an incident.Christian Cooper could not be reached for comment.“I videotaped it because I thought it was important to document things,” he said, according to CNN. “Unfortunately we live in an era with things like Ahmaud Arbery, where black men are seen as targets. This woman thought she could exploit that to her advantage, and I wasn’t having it.”Some took to Twitter to applaud Franklin Templeton’s decision, and encouraged the firm to assess her record of potential workplace discrimination.Franklin Templeton declined to comment beyond its public statement.Central Park rules state that dogs must be leashed at all times in the Ramble.Franklin Resources Inc. is the parent of Franklin Templeton.(Adds statement from Amy Cooper starting in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Franklin Limited Duration Income Trust Declares Monthly Distribution

    Franklin Limited Duration Income Trust [NYSE American:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0730 per common share, payable June 15, 2020, to shareholders of record on May 29, 2020 (Ex-Dividend Date: May 28, 2020).

  • Business Wire

    Franklin Universal Trust Declares Monthly Distribution

    Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0320 per share, payable June 15, 2020, to shareholders of record on May 29, 2020 (Ex-Dividend Date: May 28, 2020).

  • Business Wire

    Fiduciary Trust International Continues Expanding its New York Office, Welcoming Maudie Long, CFA® and David DeStefano

    Fiduciary Trust International Continues Expanding its New York Office, Welcoming Maudie Long, CFA® and David DeStefano

  • Legg Mason's Shareholders Agree to Merge With Franklin (BEN)
    Zacks

    Legg Mason's Shareholders Agree to Merge With Franklin (BEN)

    Legg Mason (LM) shareholders approve the merger with Franklin Resources (BEN), announced this February.

  • Business Wire

    Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

    The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0740 per common share payable May 15, 2020, to shareholders of record as of April 30, 2020. It is currently estimated that $0.0407 per share represents net investment income and $0.0333 per share represents return of principal.

  • Franklin's (BEN) April AUM Grows on Positive Market Returns
    Zacks

    Franklin's (BEN) April AUM Grows on Positive Market Returns

    Franklin's (BEN) preliminary assets under management (AUM) of $599.4 billion for April rise sequentially on positive market returns.

  • Business Wire

    Franklin Resources, Inc. Announces Month-End Assets Under Management

    Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management of $599.4 billion at April 30, 2020, compared to $580.3 billion at March 31, 2020. The increase in assets under management was due to strong market performance and significant improvement in net outflows. Preliminary average assets under management for the quarter, through April 30, 2020, were $589.8 billion.*

  • Business Wire

    Franklin Templeton Acquires Digital Wealth Leader AdvisorEngine

    Franklin Templeton Acquires Digital Wealth Leader AdvisorEngine

  • Business Wire

    Fiduciary Trust International Completes Acquisition of Pennsylvania Trust

    Fiduciary Trust International Completes Acquisition of Pennsylvania Trust

  • Franklin Resources Inc. (BEN) Q2 2020 Earnings Call Transcript
    Motley Fool

    Franklin Resources Inc. (BEN) Q2 2020 Earnings Call Transcript

    Welcome to the Franklin Resources earnings conference call for the quarter ended March 31, 2020. Statements made in this conference call regarding Franklin Resources, Inc., which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. At this time, I would like to turn the call over to Franklin Resources' President and CEO, Jenny Johnson.

  • Franklin Resources (BEN) Tops Q2 Earnings and Revenue Estimates
    Zacks

    Franklin Resources (BEN) Tops Q2 Earnings and Revenue Estimates

    Franklin Resources (BEN) delivered earnings and revenue surprises of 50.00% and 0.78%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Franklin's (BEN) Q2 Earnings Beat Estimates, AUM Declines
    Zacks

    Franklin's (BEN) Q2 Earnings Beat Estimates, AUM Declines

    Franklin's (BEN) second-quarter fiscal 2020 (ended Mar 31) earnings highlight lower expenses, revenue declines and overall net outflows.

  • Business Wire

    Franklin Resources, Inc. Announces Second Quarter Results

    Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income1 of $79.1 million or $0.16 per diluted share for the quarter ended March 31, 2020, as compared to $350.5 million or $0.70 per diluted share for the previous quarter, and $367.5 million or $0.72 per diluted share for the quarter ended March 31, 2019. The mark-to-market of the Company’s investment portfolio resulted in significant nonoperating losses that drove the decline in net income for the quarter ended March 31, 2020. Operating income was $356.1 million for the quarter ended March 31, 2020, as compared to $392.7 million for the previous quarter and $379.5 million in the prior year.

  • Will Weak Equity Markets Dampen Franklin's (BEN) Q2 Earnings?
    Zacks

    Will Weak Equity Markets Dampen Franklin's (BEN) Q2 Earnings?

    Franklin's (BEN) Q2 results likely to reflect unfavorable impact of a tepid market performance during the January-March period and overall net outflows.

  • Earnings Preview: Franklin Resources (BEN) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Franklin Resources (BEN) Q2 Earnings Expected to Decline

    Franklin Resources (BEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Franklin Resources, Inc. to Announce Second Quarter Results on April 30, 2020

    On Thursday, April 30, 2020 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the "Company") [NYSE:BEN] will release its second quarter 2020 operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

  • Business Wire

    Fiduciary Trust International Appoints Lisette Cooper, PhD to Board of Directors

    Fiduciary Trust International Appoints Lisette Cooper, PhD to Board of Directors

  • Business Wire

    Kevin G. Carter, CFP® Joins Fiduciary Trust International as New York-Based Senior Portfolio Manager

    Kevin G. Carter Joins Fiduciary Trust International as New York-Based Senior Portfolio Manager

  • Franklin's (BEN) February AUM Down on Negative Market Returns
    Zacks

    Franklin's (BEN) February AUM Down on Negative Market Returns

    Franklin Resources' (BEN) preliminary AUM of $656.5 billion for February decline sequentially due to negative market returns.

  • Business Wire

    Ellen Kratzer Rose Receives New York Junior League’s Highest Honor at 68th Annual Winter Ball

    Ellen Kratzer Rose Receives New York Junior League’s Highest Honor at 68th Annual Winter Ball

  • Franklin Closes Athena Capital Buyout With AUM Worth $6B
    Zacks

    Franklin Closes Athena Capital Buyout With AUM Worth $6B

    Franklin's (BEN) acquisition of Lincoln-based Athena Capital Advisors anticipated to fortify the company's wealth-management business.