Streetbeat News

BEN

Franklin Resources, Inc.

https://www.franklinresources.com

Industry

Asset Management

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

Open

21.79

Mkt cap

11B

Volume

2.5M

High

21.84

P/E Ratio

25.55

52-wk high

30.32

Low

21.55

Div yield

0.06

52-wk low

18.95

Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. (NYSE:BEN) for potential violations of federal securities laws. This follows a Wells Notice received by Ken Leech, co-Chief Investment Officer of its subsidiary, Western Asset Management Company.

Portfolio Pulse from

November 05, 2024 | 9:30 pm

Franklin Resources, Inc. (NYSE:BEN) is under investigation by Bleichmar Fonti & Auld LLP for potential securities fraud following a CFTC inquiry. Investors are encouraged to seek more information if they have suffered losses.

Portfolio Pulse from

November 05, 2024 | 9:00 pm

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. (NYSE:BEN) for potential violations of federal securities laws. This follows a Wells Notice received by Ken Leech, co-CIO of its subsidiary Western Asset Management, from the SEC.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Pomerantz Law Firm is investigating claims on behalf of investors of Franklin Resources, Inc. (NYSE:BEN). Investors are encouraged to contact the firm for more information.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. (NYSE:BEN) for potential federal securities law violations. This follows a Wells Notice received by Ken Leech, co-CIO of its subsidiary Western Asset Management, leading to his immediate leave of absence.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Analysts have varied ratings for Franklin Resources (NYSE:BEN), with most leaning towards bearish sentiments. The average 12-month price target has decreased to $21.23 from $22.90. Recent analyst actions include several downgrades and lowered price targets, reflecting cautious outlooks. Despite a positive revenue trend, Franklin Resources faces challenges with profitability and returns compared to industry averages.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 5:01 pm

UBS analyst Brennan Hawken maintains a Neutral rating on Franklin Resources (NYSE:BEN) but lowers the price target from $24 to $21.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:03 pm

Franklin Resources (NYSE:BEN) has been analyzed by 13 analysts, showing a range of sentiments from indifferent to bearish. Recent analyst actions include lowering ratings and price targets, with an average 12-month price target of $21.25, down from $22.80. The company's financials reveal challenges in profitability and returns, despite a 7.82% revenue growth. Franklin Resources manages $1.681 trillion in assets, with a global presence.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 8:01 pm

The Department of Justice (DOJ) is intensifying its investigation into Ken Leech, with Wamco clients being questioned. This development could have implications for Franklin Resources, Inc. (BEN), as it is potentially linked to the probe.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:30 pm

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