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 ...

Core Insights - The introduction of spot Bitcoin ETFs has significantly impacted the digital asset market, driving Bitcoin prices to $50,000, with expectations for Ethereum ETFs to have a similar effect [1] - Major asset management firms like Franklin Templeton, BlackRock, VanEck, Fidelity, and Invesco are actively pursuing Ethereum ETFs, indicating a growing interest in cryptocurrency investments [3][4][6][8][10] Group 1: Franklin Templeton - Franklin Templeton has $1.4 trillion in assets under management and aims to expand its offerings to include Ethereum ETFs, aligning with the increasing demand for cryptocurrency investments [2][3] - The approval of the SEC filing for Ethereum ETFs could enhance Franklin Templeton's market position and contribute to a potential market boom [3] Group 2: BlackRock - BlackRock, with $9 trillion in assets under management, has adapted its strategy towards cryptocurrencies, recently adding a Bitcoin ETF and filing for an iShares Ethereum Trust [4][5] - The filing for Ethereum ETFs has positively influenced the market, with Ether's price increasing by 1.19% following the announcement [5] Group 3: VanEck - VanEck's Digital Transformation ETF has surpassed $100 million in assets under management, reflecting the rising interest in digital finance and Ethereum ETFs [6] - The SEC is expected to respond to VanEck's filing for a spot Ethereum ETF by the end of May, marking a critical moment for the company [6] Group 4: Fidelity - Fidelity Digital Assets has been a pioneer in providing custody solutions for cryptocurrencies and continues to advocate for the approval of crypto ETFs [8] - The introduction of cryptocurrency 401(k) accounts by Fidelity demonstrates its commitment to modern investment solutions and customer education [9] Group 5: Invesco - Invesco manages $1.5 trillion in assets and has partnered with Galaxy Digital to launch an Ethereum ETF, showcasing its diverse investment strategies [10] - The company's established reputation in the mutual fund industry may provide a competitive advantage in the cryptocurrency sector [11]

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 ...

Core Viewpoint - Franklin Resources Inc. reported adjusted earnings of 65 cents per share for Q1 fiscal 2024, exceeding the Zacks Consensus Estimate of 57 cents, with a year-over-year increase of 28% [1] - The company's results were driven by increased revenues and improved assets under management (AUM), although higher expenses posed challenges [1] Revenues & Expenses Rise - Total operating revenues increased by 1% year over year to $1.99 billion, surpassing the Zacks Consensus Estimate of $1.91 billion [2] - Investment management fees rose by 1% to $1.65 billion, while sales and distribution fees grew nearly 2% to $296.4 million [2] - Shareholder-servicing fees declined by 3% to $32.5 million, and total operating expenses also increased by 1% to $1.78 billion [2] - The operating margin improved to 10.4% from 9.9% in the previous year [2] AUM Increases - As of December 31, 2023, total AUM reached $1.46 trillion, reflecting a 5% year-over-year increase [3] - Long-term net outflows were $5 billion for the quarter, a decrease from $10.9 billion in the prior year [3] - Average AUM was $1.39 trillion, up 3% from the previous year [3] Capital Position Strong - Cash and cash equivalents, along with investments, totaled $5.6 billion, with total stockholders' equity at $12.6 billion as of December 31, 2023 [4] - The company repurchased 2.4 million shares of common stock for a total cost of $58.8 million during the quarter [4] Industry Performance - BlackRock, Inc. reported adjusted earnings of $9.66 per share for Q4 2023, exceeding estimates and reflecting an 8.2% year-over-year increase [6] - Invesco's adjusted earnings for Q4 2023 were 47 cents per share, surpassing estimates with a 20.5% year-over-year growth [6]