Wells Fargo initiated coverage on Franklin Resources with a new price target
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Wells Fargo initiated coverage of Franklin Resources with a rating of Equal Weight and set a new price target of $20.00
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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 |
Franklin Resources, Inc. (Franklin Templeton) (NYSE:BEN) today reported preliminary month-end assets under management (AUM) of $1.53 trillion at April 30, 2025, compared to $1.54 trillion at March 31, 2025. This month's AUM reflected the impact of preliminary long-term net outflows of $10 billion, inclusive of $10 billion of long-term net outflows at Western Asset Management1, partially offset by the positive impact of FX. Excluding Western Asset Management, preliminary long-term net inflows were flat. By Asset Class: (In USD billions) Preliminary 30-Apr-25 31-Mar-25 31-Dec-24 30-Sep-24 30-Apr-24 Equity $ 597.3 $ 598.1 $ 620.0
TORONTO, May 5, 2025 /CNW/ - Franklin Templeton Canada today introduced Lexington Partners – a global pioneer in the development of institutional secondary markets with more than US$76 billion1 in total capital – with the launch of Franklin Lexington PE Secondaries Fund that is available to Canadian accredited investors. Franklin Lexington PE Secondaries Fund provides an opportunity to invest in a diversified portfolio of private equity investments acquired through secondary transactions and co-investments within a semi-liquid accessible structure. "As part of our commitment t
Franklin Resources, Inc. (the "Company") (NYSE:BEN) today announced net income1 of $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025, as compared to $163.6 million or $0.29 per diluted share for the previous quarter, and $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024. Operating income was $145.6 million for the quarter ended March 31, 2025, as compared to $219.0 million for the previous quarter and $129.3 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income2 w
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SC 13D/A - FRANKLIN RESOURCES INC (0000038777) (Filed by)
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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
Franklin Resources, Inc. (the "Company") (NYSE:BEN) today announced net income1 of $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025, as compared to $163.6 million or $0.29 per diluted share for the previous quarter, and $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024. Operating income was $145.6 million for the quarter ended March 31, 2025, as compared to $219.0 million for the previous quarter and $129.3 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income2 w
TORONTO, April 23, 2025 /CNW/ - Franklin Templeton Canada today announced cash distributions for certain ETFs and ETF series of mutual funds available to Canadian investors. As detailed in the table below, unitholders of record as of April 30, 2025, will receive a per-unit cash distribution payable on May 8, 2025. Fund Name Ticker Type Cash Distribution Per Unit ($) Payment Frequency Franklin Brandywine Global Sustainable Income Optimiser Fund – ETF Series FBGO Active 0.065863 Monthly Franklin ClearBridge Sustainable Global Infrastructure Income Fund – ETF Series FCII Active 0.070261 Monthly Franklin Canadian Government Bond Fund – ETF Series FGOV Active 0.049997 Monthly Frank
TORONTO, March 24, 2025 /CNW/ - Franklin Templeton Canada today announced cash distributions for certain ETFs and ETF series of mutual funds available to Canadian investors. As detailed in the table below, unitholders of record as of March 31, 2025, will receive a per-unit cash distribution payable on April 8, 2025. Fund Name Ticker Type Cash Distribution Per Unit ($) Payment Frequency Franklin Core ETF Portfolio – ETF Series CBL Active 0.120159 Quarterly Franklin Conservative Income ETF Portfolio – ETF Series CNV Active 0.154118 Quarterly Franklin All-Equity ETF Portfolio – ETF Series EQY Active 0.060190 Quarterly Franklin Brandywine Global Sustainable Income Optimiser Fu
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
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