Franklin Resources, Inc.

Equities

BEN

US3546131018

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 04:00:01 2024-04-18 pm EDT			5-day change	1st Jan Change
25.02 ^USD	+0.85%		-4.79%	-16.01%

Apr. 17	TD Cowen Cuts Price Target on Franklin Resources to $29 From $30	MT
Apr. 17	Morgan Stanley Adjusts Franklin Resources' Price Target to $25 From $24, Keeps Underweight Rating	MT

Franklin Resources, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2022

January 30, 2023 at 08:30 am EST

Franklin Resources, Inc. reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was USD 291.9 million compared to USD 398.2 million a year ago. Revenue was USD 1,967.1 million compared to USD 2,224 million a year ago.

Net income was USD 165.6 million compared to USD 453.2 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.88 a year ago.

Latest news about Franklin Resources, Inc.

TD Cowen Cuts Price Target on Franklin Resources to $29 From $30	Apr. 17	MT
Morgan Stanley Adjusts Franklin Resources' Price Target to $25 From $24, Keeps Underweight Rating	Apr. 17	MT
Europe stands firm against US-driven ESG backlash	Apr. 12	RE
North American Morning Briefing : Stock Futures Edge Lower Ahead of PPI Inflation Gauge	Apr. 11	DJ
Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday	Apr. 10	MT
Exchange-Traded Funds Down, Equity Futures Higher Pre-Bell Wednesday Ahead of Fed Meeting Minutes	Apr. 10	MT
Franklin Resources Reports Increase in March Preliminary Assets Under Management	Apr. 10	MT
ANALYST RECOMMENDATIONS : Chevron, Take-Two, Coinbase, Netflix, American Tower...	Apr. 08
Eaglebrook Advisors Introduces Managed Bitcoin and Ethereum Separately Managed Account Strategy in Partnership with Franklin Templeton	Mar. 26	CI
Goldman Sachs Adjusts Price Target on Franklin Resources to $26.75 From $26.25, Keeps Sell Rating	Mar. 12	MT
Franklin Resources Reports Higher Assets Under Management in February	Mar. 11	MT
Integral Treasury Inc. announced that it has received funding from Franklin Resources, Inc.	Feb. 27	CI
US SEC expected to drag its feet on new wave of crypto ETFs	Feb. 27	RE
Avail raises $27 mln in funding backed by Peter Thiel's Founders Fund	Feb. 26	RE
Blockhead announced that it has received funding from Franklin Resources, Inc.	Feb. 19	CI
Transparently Pte Ltd announced that it has received funding from Franklin Resources, Inc.	Feb. 19	CI
Ethena Labs, Unipessoal Lda announced that it has received $14 million in funding from a group of investors	Feb. 15	CI
Cogent Biosciences, Inc. announced that it expects to receive $224.984978 million in funding from a group of investors	Feb. 12	CI
Franklin Templeton files for spot ethereum ETF	Feb. 12	RE
Franklin Resources Reports Higher Assets Under Management in January	Feb. 12	MT
Franklin Resources, Inc. Announces Executive Changes	Feb. 08	CI
Franklin Resources Keeps Quarterly Dividend at $0.31 Per Share, Payable April 12 to Investors of Record on March 28	Feb. 06	MT
Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 12, 2024	Feb. 06	CI
Deutsche Bank Adjusts Franklin Resources' Price Target to $28 From $30, Maintains Hold Rating	Jan. 30	MT
BMO Capital Raises Franklin Resources Price Target to $30 From $27, Maintains Market Perform Rating	Jan. 30	MT

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Company Profile

Franklin Resources, Inc. specializes in the management of investment funds. The group's activity is organized around 2 areas: - investment services: activity insured under brands Franklin, Templeton, Legg Mason, Benefit Street Partners, Brandywine Global Investment Management, Clarion Partners, ClearBridge Investments, etc. At the end of September 2023, the group had USD 1,374.2 billion of assets under management; - financial services: retail banking activities, private banking, and consumer credit (automobile credit, mortgage loan, mortgage, etc.). Net sales are distributed geographically as follows: the United States (74.9%), Americas (3.3%), Luxembourg (14.4%), Europe/Middle East/Africa (3.5%) and Asia/Pacific (3.9%).

Sector

Investment Management & Fund Operators

Calendar

2024-04-29 - Q2 2024 Earnings Release

Related indices

S&P 500

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Income Statement Evolution

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Analysis / Opinion

Jenny Johnson, CEO of Franklin Templeton: We see opportunities in infrastructure

October 24, 2023 at 02:23 pm EDT

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Ratings for Franklin Resources, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

25.02 USD

Average target price

27.71 USD

Spread / Average Target

+10.74%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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