Franklin Resources Inc Stock Price, News & Analysis

Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser for US Institutional Services, focusing on alternative investments. Based in New York City, he reports to Mike Foley. Ivanac brings over 17 years of experience, previously serving at Partners Group and BlackRock. The firm aims to enhance its alternative asset management capabilities, with total alternative AUM projected to reach $257 billion following its acquisition of Alcentra. This strategic move underscores Franklin Templeton's commitment to institutional investors.

Fiduciary Trust International, part of Franklin Templeton, has appointed Amy Ko as regional managing director for Northern California. Ko, a seasoned wealth advisor, aims to strengthen client relationships and enhance services in the region, which has seen significant growth for the firm. Since joining in November 2020, she has worked with various professionals, particularly in technology and life sciences sectors. Fiduciary Trust International has a history of strong roots in Northern California, managing assets worth $98 billion as of March 31, 2022.

The Templeton Global Income Fund (NYSE: GIM) announced the filing of a Stipulation and Proposed Order with the U.S. District Court for the Southern District of New York to resolve their request for a temporary restraining order. This concerns the certification of results from the Fund's Annual Meeting held on June 6, 2022. The agreement prevents certification of the meeting results and the seating of Saba Capital Management's nominees until the Court rules on the Fund's request for injunctive relief. The Fund alleges that Saba made undisclosed arrangements to pay a premium to a large institutional shareholder before the meeting.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Abby Axelrod as the philanthropic director for family office services, foundations, and endowments. With extensive experience in nonprofit and family foundation sectors, Axelrod aims to enhance the firm's nationwide philanthropic strategy and support. She previously held key roles in charitable giving and consulting and is recognized in the nonprofit community. The firm, managing over $98 billion in assets, focuses on strategic wealth planning, investment management, and trust services.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Peter Niedland, CFA, as a managing director and senior portfolio manager in its Radnor office. With over 29 years in finance, Niedland's expertise includes investing in small public companies. He previously worked at Maplewood Capital and Turner Investments. The firm, which manages over $98 billion in assets, aims to enhance its client services in the Philadelphia market by adding skilled investment experts.

Franklin Templeton released a new insights paper addressing the challenges in the food and agriculture sector due to climate change and geopolitical tensions. The report highlights that food prices have surged over 30% due to the Ukraine war and COVID-19-induced inflation, costing an additional US$42 million monthly for vulnerable populations. Investment opportunities in technologies such as vertical farming and regenerative agriculture are emphasized, potentially generating US$10 trillion by 2030. NYSE:BEN continues to see value in sustainable agricultural practices.

Templeton Global Income Fund (NYSE: GIM) has filed a complaint in the Southern District of New York against Saba Capital Management, alleging undisclosed agreements before its Annual Meeting on June 6, 2022. The complaint claims Saba secretly incentivized a large institutional shareholder's vote in favor of its nominees, violating federal securities laws requiring full disclosure to shareholders. The Fund seeks a new vote, allowing shareholders to make informed decisions based on complete information about Saba's conduct.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,445.9 billion as of May 31, 2022, down from $1,455.8 billion at April 30, 2022. The decline was attributed to long-term net outflows, despite a positive impact from market performance. AUM highlights include $559.3 billion in Fixed Income and $462.6 billion in Equity. The company continues to offer diverse investment solutions across asset classes.

Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.29 per share, payable on July 15, 2022. This amount matches the previous quarter's dividend and marks an approximate 4% increase compared to the same quarter last year. As of April 30, 2022, the company holds approximately $1.5 trillion in assets under management and boasts over 75 years in investment experience with operations in over 155 countries.