Franklin Resources Inc Stock Price, News & Analysis

Templeton Emerging Markets Income Fund (NYSE: TEI) has outlined the sources of its upcoming distribution, scheduled for July 29, 2022. The estimated distribution per share is $0.0526, with $0.0390 (74%) attributed to net investment income. Cumulatively, for the fiscal year-to-date, the total distribution per share stands at $0.3738, comprised of $0.2177 (58%) from net investment income while $0.1561 (42%) represents a return of capital. Shareholders should note that a portion of distributions may be a return of capital and not necessarily reflect performance.

Templeton Global Income Fund (NYSE: GIM) announced its distribution details for July 29, 2022, indicating a total distribution per share of $0.0327. Of this, $0.0157 (48%) is derived from net investment income and $0.0170 (52%) is classified as a return of capital. Year-to-date allocations reveal a total distribution of $0.2117 per share, with $0.0805 (38%) from net investment income and $0.1312 (62%) as return of capital. Shareholders are cautioned that returns of capital do not reflect investment performance.

Franklin Universal Trust (NYSE: FT) announced the estimated sources of distributions for the fiscal year 2022, specifically for the distribution payable on July 29, 2022. The estimated allocation per share includes a distribution of $0.0425, which is entirely from net investment income. Year-to-date, cumulative distributions per share total $0.4642, with significant contributions from net investment income and a return of capital. Shareholders are cautioned not to interpret these distributions as indicators of the Fund's investment performance.

The Franklin Limited Duration Income Trust (FTF) has announced its estimated sources of distributions for the monthly distribution to be paid on July 29, 2022. The distribution is $0.0628 per share, comprising 84% net investment income, 0% short-term capital gains, 0% long-term capital gains, and a 16% return of capital. Year-to-date figures show a cumulative distribution of $0.4181 per share, with 54% from net investment income and 46% as a return of capital. The Fund aims for a minimum distribution rate of 10% based on NAV, but a portion may come from returns of capital. Shareholders should not assume performance is based solely on distribution amounts.

Franklin Resources reported a net income of $256.4 million or $0.50 per diluted share for the quarter ending June 30, 2022, a significant decline from $349.6 million and $0.68 in the prior quarter and $438.4 million and $0.86 a year ago. Operating income decreased to $404.7 million, down 13% quarter-on-quarter and 15% year-on-year. Total assets under management fell to $1,379.8 billion, a 7% decline since March 2022. However, the company closed acquisitions of Lexington Partners and announced Alcentra, expanding its alternative asset strategies.

Franklin Resources, Inc. (NYSE: BEN) reported a net income of $256.4 million or $0.50 per diluted share for Q3 2022, down 27% from the previous quarter and 42% year-over-year. Operating income declined 13% sequentially to $404.7 million. Assets under management (AUM) fell 7% during the quarter to $1.38 trillion, largely due to market changes and $19.8 billion in long-term net outflows. Despite challenges, the company closed on the acquisition of Lexington Partners and announced Alcentra's acquisition, increasing its alternative AUM to $263 billion.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,379.8 billion as of June 30, 2022, down from $1,445.9 billion on May 31, 2022. This decline was largely due to market impacts and long-term net outflows totaling $19.8 billion for the quarter. The decrease was slightly mitigated by the acquisition of Lexington Partners. Key asset classes included fixed income, with $536.3 billion, equity at $424.9 billion, and alternatives at $224.8 billion.