Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Franklin Resources, Inc. (NYSE: BEN), whose subsidiaries operate as Franklin Templeton, generates a steady flow of news across public and private markets, making its BEN news feed relevant for investors, advisors, and market observers. As a global investment management organization serving clients in over 150 countries, Franklin Templeton issues updates on assets under management, product launches, private markets insights, and strategic initiatives across its specialist investment managers.
News for BEN commonly includes monthly and quarterly reports on preliminary assets under management, detailing allocations across equity, fixed income, alternatives, multi-asset strategies, and cash management. The company also announces earnings release dates, teleconferences with senior executives, and commentary on financial results, providing context on business performance and flows across its platforms.
Franklin Templeton’s communications highlight developments in areas such as digital assets and tokenized finance, including tokenized money market funds, blockchain-enabled distribution share classes, and partnerships like the State of Wyoming’s Frontier Stable Token ($FRNT) reserves mandate. Updates from affiliates such as Western Asset Management, Benefit Street Partners, and Lexington Partners cover topics like institutional money market fund enhancements, private credit and real estate debt fundraising, and secondary private equity activity.
Investors following BEN news can also track corporate actions and governance items disclosed through press releases and related filings, such as dividend announcements, share repurchase authorizations, and information about the company’s multi-year strategic plan. For those monitoring trends in private markets, digital asset innovation, and global asset management, the BEN news stream offers a consolidated view of Franklin Resources’ latest announcements and perspectives.
Franklin Resources announced a quarterly cash dividend of $0.31 per share, payable on July 12, 2024, to stockholders of record as of June 28, 2024. This dividend is consistent with the previous quarter's dividend and marks a 3.3% increase compared to the same quarter last year. The company's dividend policy aims to provide consistent returns to shareholders, reflecting its stable financial performance.
Meta shareholders, led by Lisette Cooper, PhD, from Fiduciary Trust International and Proxy Impact, have filed a resolution for Meta's annual meeting on May 29, 2024. The proposal urges Meta's Board to set targets within a year to mitigate child safety risks on its platforms and to publish an annual report on progress. Supported by Institutional Shareholder Services (ISS) and Glass Lewis, the resolution aims to address dangers such as cyberbullying, grooming, and exposure to harmful content. Cooper highlights the long-term benefits for investor security, emphasizing Meta's responsibility amid rising legal and regulatory pressures globally.
Franklin Resources, Inc. reported a decrease in month-end assets under management (AUM) to $1.60 trillion at April 30, 2024, compared to $1.64 trillion at March 31, 2024. The decline was due to negative markets and net outflows, including funds from Great-West Lifeco.
Benefit Street Partners L.L.C announced the final close of BSP Special Situations Fund II with approximately $850 million in capital commitments. The fund focuses on providing bespoke financing solutions to borrowers leveraging its experience in stressed and distressed situations. BSP's special situations team has deployed over $3 billion since inception, aiming for attractive risk-adjusted returns. Fund II has already deployed 40% of its capital with an early strong net IRR of 25%.
Western Asset Inflation-Linked Opportunities & Income Fund announces changes in its portfolio management team, effective May 1, 2024. John Bellows is no longer a portfolio manager, while a new team comprising Michael Buchanan, Ken Leech, Chia-Liang Lian, and Frederick Marki takes over. The Fund's share prices fluctuate with market conditions and may trade at a discount to their net asset value, posing risks for investors.
Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, welcomes Edward J. Mooney as managing director and financial planning director. Mooney's industry experience will enhance the firm's financial planning solutions, setting new industry standards and elevating client experience. His expertise in investments, wealth succession, estate and tax planning, and charitable structures will benefit high-net-worth individuals and families.
ClearBridge Investments, with $188B in assets under management, released its seventh annual Stewardship Report, focusing on ESG factors in its investment process for over 35 years. The report highlights top scores in PRI assessment, updates to its ESG policy, proxy voting activities, net zero alignment, diverse and inclusive culture, and contributions to U.N. SDGs.
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced the sources of distributions to be paid on April 30, 2024, and for the fiscal year 2024 year-to-date. The estimated allocations and distribution breakdown indicate a return of capital may be included. Shareholders should not infer the Fund's investment performance solely from the distribution amount. The Fund has a managed distribution policy that seeks to provide long-term total return potential through regular monthly distributions.
Franklin Templeton's Margaret King was recognized as a 2024 Volunteer of the Year by Junior Achievement of Northern California, a global charity partner of the firm. Employee volunteers like King help provide work readiness, entrepreneurship, and financial literacy education to students. King was honored at the JA Virtual Hall of Fame event in April, expressing her excitement to educate and inspire the next generation of financial and technology leaders.
Franklin Resources, Inc. (NYSE: BEN) reported net income of $124.2 million for Q2 2024, a decrease from the previous quarter. Operating income was $129.3 million. Adjusted net income was $306.6 million. AUM increased to $1,644.7 billion, with positive net flows. The acquisition of Putnam Investments expanded investment capabilities. Despite a decline in operating income, the Company remains focused on growth and innovation.
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