Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month’s level.The improvement was driven by positive markets and long-term net inflows, including the previously disclosed $5.5 billion in the retirement channel. However, fixed-income institutional client redemption of $2 billion affected the AUM balance.BEN recorded equity assets of $572.8 billion, which increased 4% from th ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today announced the reorganization of ClearBridge All Cap Growth ESG ETF (CACG) into ClearBridge Large Cap Growth ESG ETF (LRGE). This reorganization is expected to be completed on or around June 14, 2024. The reorganization of CACG into LRGE includes the transfer of substantially all of CACG’s assets, net of any liabilities, to LRGE in exchange for shares of LRGE. Shares of LRGE will be distributed to current shareholders of CACG, and cash will be dis ...

SAN MATEO, Calif.--(BUSINESS WIRE)--The American workplace landscape is undergoing profound shifts according to the latest survey from Franklin Templeton. In its fourth year, Franklin Templeton’s Voice of the American Workplace Survey found that 91 percent of employers experienced turnover rates exceeding 10 percent in 2023. Furthermore, employee expectations, particularly regarding compensation, are on the rise, with 80 percent of employers struggling to meet demands for increased compensation. This year's ...

Investors looking for stocks in the Financial - Investment Management sector might want to consider either Franklin Resources (BEN) or BlackRock (BLK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stock ...

SAN MATEO, Calif.--(BUSINESS WIRE)--According to the inaugural Franklin Templeton Institute Global Investment Management Survey, the U.S. Federal Reserve will deliver four interest rate cuts this year, in line with the four cuts predicted by the futures market and one more than the three cuts projected by the Fed’s own “dot plot.” As a result, the 30-year mortgage rate is projected to fall from nearly 6.7% to roughly 5.6% by the end of 2024. The survey results, revealed today by Franklin Templeton, encom ...

The news of the availability of spot BTC ETFs has shaken the digital asset world, pushing Bitcoin (BTC-USD) to the $50,000 mark. Ethereum ETFs advocates are expecting a similar effect, while well-known fund managers are preparing for the challenge and filling out the appropriate forms. If the SEC makes a positive decision soon, Ethereum (ETH-USD) holders could see a return to 2022 highs. Franklin Templeton (BEN)Source: Pavel Kapysh / Shutterstock.comSince its founding in August 1947, this international asse ...

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.60 trillion as of Jan 31, 2024. This reflected an increase of 9.6% from the prior month’s level.The increase was driven by the acquisition of Putnam Investments (closed on Jan 1). This was partly offset by modest long-term net outflows.BEN recorded a fixed income AUM of $565.9 billion at the end of January 2024, increasing 10.6% from the December-end level. Further, Equity Income assets were $550.9 billion, ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount 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. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% increase over the quarterly dividend paid for the same quarter last year. About Franklin Templeton Frankl ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

Franklin Resources Inc.’s (BEN) first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 65 cents per share surpassed the Zacks Consensus Estimate of 57 cents. The bottom line jumped 28% year over year.BEN’s results benefited from a rise in revenues and an improvement in 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 $417 million compared with the prior-year ...