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Morningstar

Franklin Resources Inc BEN Stock Quote

Morningstar Rating
| Rating as of

NYSE: BEN

Last close prices updated as of Feb 06, 2023, 4:10 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 33.27
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Mid Value
  • Day Range 32.02  –  32.88
  • Year Range 20.24  –  33.03
  • Market Cap 16.0715 Bil
  • Volume / Avg 3.2 Mil /  3.7 Mil
  • Price / Sales 2.03
  • Price / Book 1.43
  • Forward Div Yield 3.61%
  • Trailing Div Yield 3.64%

Morningstar‘s Stock Analysis BEN

Valuation
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Is it the right time to buy or sell?
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Is it the right time to buy or sell?
Find out with Morningstar Investor

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Economic Moat

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Capital Allocation

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Outflows Offset Market Gains in Franklin Resources' Q1 With Higher Expenses Detracting From Results

Greggory Warren Sector Strategist

Analyst Note

| Greggory Warren |

There was little in Franklin Resources' fiscal first-quarter results that would alter our long-term view of the firm. We are leaving our $28 per share fair value estimate in place. Franklin closed out the December quarter with a record $1.388 trillion in assets under management, or AUM, up 7.0% sequentially but down 12.1% on a year-over-year basis. Net long-term outflows of $10.9 billion during the quarter were a marked improvement over the $20.4 billion that flowed out during the September quarter but were still well off the quarterly run rate of $6.6 billion in net outflows seen over the prior two years. The outflows were primarily driven by Franklin's fixed-income platform ($13.3 billion), with the unit's annualized organic AUM growth rate of negative 10.8% for the quarter better than the negative 13.7% and negative 22.2% annualized organic AUM growth rates generated by actively managed taxable bond funds and municipal bond funds, respectively, during the December quarter (according to data provided by Morningstar Direct).

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Key Statistics BEN

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Company Profile BEN

Business Description

Franklin Resources provides investment services for individual and institutional investors. At the end of December 2022, Franklin had $1.388 trillion in managed assets, composed primarily of equity (30%), fixed-income (36%), multi-asset/balanced (10%) funds, alternatives (19%) and money market funds (5%). Distribution tends to be weighted equally between retail investors (49% of AUM) and institutional accounts (49%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 28% of managed assets sourced from clients domiciled outside the United States.

Contact
One Franklin Parkway
San Mateo, CA, 94403
Sector Financial Services
Industry Asset Management
Employees 9,400

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FAQs for Franklin Resources Inc Stock

Yes. BEN has a forward dividend yield of 3.61%. See BEN’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

BEN’s market cap is 16.07 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

BEN’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

BEN’s price/sales is 2.03.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

BEN’s price/forward earnings is 13.87.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

BEN’s price/book is 1.43.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See BEN’s valuation ratios compared to the Market Index.

BEN’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare BEN’s historical performance against its industry peers and the overall market.