Franklin ResourcesBEN
Market Cap: $10B
About: Franklin Resources provides investment services for individual and institutional investors. At the end of July 2024, Franklin had $1.663 trillion in managed assets, composed primarily of equity (36%), fixed-income (34%), multi-asset/balanced (10%) funds, alternatives (16%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (52% of AUM) and institutional accounts (46%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the us-based asset managers we cover, with 30% of its assets under management invested in global/international strategies and just as much sourced from clients domiciled outside the United States.
Employees: 10,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
388% more call options, than puts
Call options by funds: $56.2M | Put options by funds: $11.5M
50% more repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 164
3.23% more ownership
Funds ownership: 45.34% [Q1] → 48.57% (+3.23%) [Q2]
3% less funds holding
Funds holding: 582 [Q1] → 567 (-15) [Q2]
16% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 91
23% less capital invested
Capital invested by funds: $7.46B [Q1] → $5.72B (-$1.74B) [Q2]
67% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 2 (-4) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Evercore ISI Group David Motemaden 60% 1-year accuracy 6 / 10 met price target | 5%upside $20 | Underperform Maintained | 5 Sept 2024 |
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 5%upside $20 | Underweight Initiated | 27 Aug 2024 |
Keefe, Bruyette & Woods Aidan Hall 86% 1-year accuracy 6 / 7 met price target | 20%upside $23 | Underperform Maintained | 22 Aug 2024 |
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 20%upside $23 | Hold Maintained | 29 Jul 2024 |
TD Cowen Bill Katz 71% 1-year accuracy 15 / 21 met price target | 25%upside $24 | Hold Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 90 articles about BEN published over the past 30 days