Going against the crowd isn’t easy. When everyone runs one way, it is hard to charge ahead in the other direction. Yet with the stock market, being a contrarian can be profitable. As Warren Buffett has said, be fearful when others are greedy, and greedy when others are fearful.Now it is quite difficult to get analysts to rate a stock as a sell. Whether it is because they don’t want their firms to lose out on potential fees from financings or just because the overall direction of the market is up so most sto ...

These three reliable dividend payers have historically high yields thanks to deep price declines.To be fair, it doesn't take a lot to offer a higher yield than the 1.3% investors are collecting today from the S&P 500 index. And yet investors looking for down-and-out stocks with high yields will still like what Realty Income (O 0.70%), Franklin Resources (BEN -1.66%), and Hormel Foods (HRL 0.68%) have to offer. But the story behind each stock is much bigger than just an attractive dividend yield.1. Realty In ...

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.60 trillion as of Apr 30, 2024. This reflected a decrease of 2.5% from the prior month’s level.The decline in AUM balance was primarily due to the impact of negative markets and long-term net outflows, including $5.9 billion related to the $25 billion AUM received from the Great-West Lifeco acquistion.BEN recorded equity assets of $564.4 billion, which declined 4.8% from the previous month. Further, fixed income AUM ...

Franklin Resources Inc.’s (BEN) second-quarter fiscal 2024 (ended Mar 31, 2023) adjusted earnings of 56 cents per share missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 8% year over year.BEN’s results have benefited from a rise in revenues and an improvement in the assets under management (AUM) balance. Also, the company’s balance sheet position remained robust in the quarter. However, higher expenses were headwinds.   Adjusted operating income was $419.6 million compared with the p ...

For the quarter ended March 2024, Franklin Resources (BEN) reported revenue of $2.15 billion, up 11.7% over the same period last year. EPS came in at $0.56, compared to $0.61 in the year-ago quarter.The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $2.09 billion. With the consensus EPS estimate being $0.57, the EPS surprise was -1.75%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Franklin Resources (BEN) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.75%. A quarter ago, it was expected that this investment manager would post earnings of $0.57 per share when it actually produced earnings of $0.65, delivering a surprise of 14.04%.Over the last four quarters, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) Delaware 13-2670991 (St ...

EXHIBIT 99.1 Contact: Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com investors.franklinresources.com FOR IMMEDIATE RELEASE Franklin Resources, Inc. Announces Second Quarter Results San Mateo, CA, April 29, 2024 – Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $124.2 million or $0.23 per diluted share for the quarter ended March 31, ...

Investors are always looking for stocks that are poised to beat at earnings season and Franklin Resources Inc (BEN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Franklin Resourcesis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a p ...

Wall Street Loves This 4.88% Dividend Stock and So Will Passive Income Investors  Ruslan Lytvyn / iStock via Getty Images Mutual funds are popular with individual investors who want the diversity of a portfolio containing a variety of securities, but who lack the investment capital to afford to buy those securities individually. Within the panoply of mutual funds, investors can invest in high growth tech stock funds, tax-free municipal bond funds, funds that are dedicated to specific regions, like Southea ...