Franklin Resources Inc Stock Price, News & Analysis

Legg Mason Partners Fund Advisor announced the distributions for closed-end funds following their managed distribution policy for March, April, and May 2023. The declared amounts are as follows: Western Asset Inflation-Linked Income Fund (WIA) maintains a distribution of $0.050 for March, $0.050 for April, and $0.050 for May. Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has set distributions at $0.0605 for March, $0.0605 for April, and $0.0605 for May. Distributions are influenced by net investment income and capital gains. The funds' shares are traded on the NYSE.

Franklin Resources, Inc. (NYSE:BEN) has appointed Leeor P. Avigdor as Senior Vice President, Global Treasurer, and Head of M&A, based in New York. Avigdor's role is crucial for the company’s financial foundation, facilitating investments for organic growth and strategic acquisitions. CFO Matthew Nicholls emphasized Avigdor's invaluable experience in alternative asset management, highlighting the company's commitment to diversifying investment capabilities. With a strong balance sheet and approximately $1.4 trillion in assets under management, Franklin Templeton aims to optimize capital allocation and M&A execution under Avigdor's leadership.

Franklin Resources, Inc. reported preliminary month-end assets under management (AUM) of $1,451.9 billion as of January 31, 2023, up from $1,387.7 billion at December 31, 2022. This growth was supported by positive market conditions and cash management inflows, despite modest long-term net outflows. By asset class, fixed income increased to $512.1 billion, equity grew to $445.5 billion, and alternatives rose to $257.9 billion. Long-term assets amounted to $1,362.7 billion.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Craig S. Richards as the new Chief Administrative Officer. With over 30 years at the firm, Richards aims to enhance the delivery of wealth management services and streamline business processes. Under his leadership, the company focuses on providing an exceptional client experience amidst growing complexity in operations. Fiduciary Trust manages over $87 billion in assets as of December 31, 2022, and specializes in strategic wealth planning, investment management, and trust services.

Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.30 per share, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This dividend, maintaining the same amount as the previous quarter, reflects a 3.4% increase over the same quarter last year. The company, headquartered in California, manages approximately $1.4 trillion in assets, serving clients in over 155 countries. It focuses on investment management and wealth management through its subsidiaries, notably Franklin Templeton.

Franklin Templeton’s Voice of the American Worker Study reveals that 66% of American workers are negatively impacted by the current economic climate, with financial stress rising from 35% to 42% year-over-year. Nearly 30% report sleep issues due to stress, while 25% experience strained relationships. The study indicates a shift as The Great Resignation turns into The Great Return, with 66% of workers preferring to stay with their current employers. Additionally, 81% aim for financial independence, and 61% believe their retirement plans are jeopardized, pushing the planned retirement age from 62 to 65. Personalized employer support is increasingly requested by 82% of workers.