Franklin Resources Inc Stock Price, News & Analysis

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.

Franklin Templeton is renaming 13 of its U.S. ETFs, dropping the LibertyShares branding effective August 1, 2022. This decision is part of a strategy to leverage the stronger Franklin Templeton brand amidst the growth of their ETF offerings. The firm boasts over 50 ETFs with approximately $12 billion in assets under management as of June 30, 2022. The changes are expected to enhance clarity for clients as the firm continues to expand its ETF presence, providing a diverse product suite across various asset classes and geographies.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0327 per share, payable on July 29, 2022, to shareholders of record on July 18, 2022. This is part of a managed distribution plan that guarantees a minimum annual distribution rate of 8% based on the average monthly net asset value (NAV). The Fund aims to generate these distributions from net income and short-term capital gains. Shareholders should not conclude investment performance from these distributions, as they may include returns of capital.

Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0526 per share, payable on July 29, 2022. Shareholders of record on July 18, 2022 will receive this payment. The Fund follows a managed distribution plan with an annual minimum fixed rate of 10% based on its average monthly net asset value (NAV). While intended to provide consistent monthly distributions, the sources may include capital gains and return of capital, which do not reflect the Fund's investment performance.