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Franklin Resources Inc BEN Stock Quote

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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

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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

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.

One Franklin Parkway
San Mateo, CA, 94403
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.

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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.

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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.

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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.

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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.