Franklin Resources downgraded by BofA Securities with a new price target
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BofA Securities downgraded Franklin Resources from Neutral to Underperform and set a new price target of $25.00 from $28.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $21.00 → $22.00 | Sell → Neutral | Goldman |
| 9/12/2024 | $20.00 | Equal Weight | Wells Fargo |
| 8/27/2024 | $20.00 | Underweight | Barclays |
| 1/8/2024 | $24.00 → $30.00 | Underweight → Equal Weight | Wells Fargo |
| 1/4/2024 | $32.00 | Market Perform | TD Cowen |
| 7/10/2023 | $20.00 → $24.00 | Market Perform | BMO Capital Markets |
| 12/15/2022 | $26.00 | Underweight | Wells Fargo |
| 10/19/2022 | $21.00 | Neutral | Credit Suisse |
4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
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4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)
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Industry Leader Brings Decades of Experience Across Wealth Management to the Firm's Growing Atlanta Team Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Jason Thomas has joined the firm as a wealth director based in Atlanta, GA, a key growth market for the firm. Mr. Thomas previously served on the advisory board for Fiduciary Trust International's Atlanta market. "Jason has been advising clients and cultivating trusted relationships in Atlanta and throughout the Southeast for over 20 years," said David Edmiston, Fiduciary Trust International's regional managing director for Atlanta and Washington D.C. "An accomplis
New position strengthens firm's ambition to become top provider of alternative wealth solutions globally Franklin Templeton today announced the appointment of George Stephan to the newly created position of Global Chief Operating Officer of Wealth Management Alternatives. Reporting to Adam Spector, Franklin Templeton's Executive Vice President and Head of Global Distribution, Stephan oversees alternative investments product innovation and investor services and assists with business development, management and operations. Stephan will partner with the firm's distribution leaders around the world to help drive the overall distribution strategy in addition to advisor education for the altern
VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / (TSX:NANO)(OTC:NNOMF)(Frankfurt:LBMB)Nano One® Materials Corp. ("Nano One" or the "Company"), a clean technology company with a patented process for the low-cost, low-GHG production of lithium-ion battery cathode active materials (CAM), is pleased to announce that Mr. Anthony Tse has been appointed Chair of the Board of Directors.Mr. Tse will succeed Paul Matysek, who is the founding Chair of Nano One and resigning as part of a planned transition to an advisory role that supports the incoming Chair and Board. Mr. Matysek is honoured to have presided over Nano One's growth and leadership for more than a decade."On behalf of Nano One and our share
Goldman upgraded Franklin Resources from Sell to Neutral and set a new price target of $22.00 from $21.00 previously
Wells Fargo initiated coverage of Franklin Resources with a rating of Equal Weight and set a new price target of $20.00
Barclays initiated coverage of Franklin Resources with a rating of Underweight and set a new price target of $20.00
EZPZ provides investors with exposure to spot Bitcoin and Ethereum Franklin Templeton today launched the Franklin Crypto Index ETF (EZPZ), an innovative exchange-traded product (ETP) providing exposure to the price movements of the two most prominent cryptocurrencies - bitcoin and ether. EZPZ's sponsor fee of 0.19 percent will be waived for investors until August 31, 20251. "The rapid growth of our ETF business reflects our unwavering commitment to staying at the forefront of innovation," said David Mann, Global Head of ETF Product and Capital Markets at Franklin Templeton. "EZPZ offers a convenient and low-cost way to gain exposure to the two most established and largest blockchain ecosy
Fee waiver extension for FLVI and FLVU and distribution frequency changes for certain funds also announced TORONTO, Feb. 19, 2025 /CNW/ - Franklin Templeton Canada today announced fee reductions of up to 35 basis points for various series of Franklin ClearBridge Canadian Small Cap Fund. With a 4-star Morningstar rating for its 3- and 5-year performance1, Franklin ClearBridge Canadian Small Cap Fund has outperformed the Canadian Small/Mid-Cap Equity category and the S&P/TSX Small Cap TRI2 over 1-, 3- and 5-year periods3. "Our Calgary-based team is committed to actively investing in their highest-conviction small cap ideas within the Canadian market, while employing a consistent, disciplined i
Franklin Resources, Inc. (Franklin Templeton) (NYSE:BEN) today reported preliminary month-end assets under management (AUM) of $1.58 trillion at January 31, 2025, compared to $1.58 trillion at December 31, 2024. This month's AUM reflected the impact of positive markets, partially offset by preliminary long-term net outflows of $13 billion, inclusive of $17 billion of long-term net outflows at Western Asset Management.1 Excluding Western Asset Management, preliminary long-term net inflows were $4 billion. By Asset Class: (In USD billions) Preliminary 31-Jan-25 31-Dec-24 30-Sep-24 30-Jun-24 31-Jan-24
Fee waiver extension for FLVI and FLVU and distribution frequency changes for certain funds also announced TORONTO, Feb. 19, 2025 /CNW/ - Franklin Templeton Canada today announced fee reductions of up to 35 basis points for various series of Franklin ClearBridge Canadian Small Cap Fund. With a 4-star Morningstar rating for its 3- and 5-year performance1, Franklin ClearBridge Canadian Small Cap Fund has outperformed the Canadian Small/Mid-Cap Equity category and the S&P/TSX Small Cap TRI2 over 1-, 3- and 5-year periods3. "Our Calgary-based team is committed to actively investing in their highest-conviction small cap ideas within the Canadian market, while employing a consistent, disciplined i
Franklin Resources, Inc. (the "Company") (NYSE:BEN) announced a quarterly cash dividend in the amount of $0.32 per share payable on April 11, 2025 to stockholders of record holding shares of common stock at the close of business on March 31, 2025. The quarterly dividend of $0.32 per share is equivalent to the dividend paid for the prior quarter and represents a 3.2% increase over the quarterly dividend paid for the same quarter last year. About Franklin Templeton Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients ach
Franklin Resources, Inc. (the "Company") (NYSE:BEN) today announced net income1 of $163.6 million or $0.29 per diluted share for the quarter ended December 31, 2024, as compared to net loss of $84.7 million or $0.19 per diluted share for the previous quarter, and net income of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023. Operating income was $219.0 million for the quarter ended December 31, 2024, as compared to operating loss of $150.7 million for the previous quarter and operating income of $206.5 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies ot