Franklin Resources Inc Stock Price, News & Analysis

Fiduciary Trust International, a subsidiary of Franklin Templeton, announces the hiring of Philip Jodz as senior relationship manager in Radnor, PA. Jodz, with nearly 20 years of industry experience, will enhance the firm's services to ultra-high net worth clients, family offices, and non-profits. His expertise in integrated wealth management aligns with the firm's commitment to meeting multi-generational client needs. Fiduciary Trust International manages over $102 billion in assets. This strategic hire aims to strengthen client relationships in the Philadelphia region.

Clarion Partners Real Estate Income Fund Inc. has enhanced its portfolio by acquiring the Fusion Life Science HQ in Carlsbad, CA, totaling 121,541 square feet. This acquisition marks CPREIF's entry into the San Diego life sciences market, driven by a significant uptick in demand for laboratory space, which grew by 24% in 2021. The property is fully leased to Alphatec Spine, Inc. until January 2031 and features modern amenities. This acquisition represents 5% of CPREIF's portfolio, aiming to capitalize on the growing life sciences sector in a leading innovation hub.

Franklin Resources, Inc. (NYSE:BEN) will release its second quarter operating results on May 3, 2022, at 8:30 a.m. Eastern Time. A commentary on these results will be available on the company's investor relations website. Following the release, a teleconference led by President and CEO Jenny Johnson and other executives will take place at 11:00 a.m. Eastern Time for investors and analysts to ask questions. Access information for the teleconference and a replay option will also be provided. Franklin Resources manages approximately $1.5 trillion in assets.

Eagle Life Insurance Company has announced enhancements to its fixed index annuity portfolio, introducing two new indices and a Performance Rate Rider aimed at increasing growth potential and diversification. The new indices include the Franklin Global Trends Index, which offers global asset class diversification, and the Invesco Dynamic Growth Index, focusing on U.S. equities and bonds across economic cycles. The Performance Rate Rider allows clients to increase participation rates, potentially enhancing interest credited to their annuities. These changes are designed to enrich clients' retirement savings experience.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,477.5 billion as of March 31, 2022, down from $1,486.9 billion on February 28, 2022. The decline was primarily due to $11.7 billion in long-term net outflows and market impacts. On April 1, 2022, Franklin Templeton completed the acquisition of Lexington Partners, adding $57 billion in AUM. AUM is detailed across various asset classes, indicating varying trends.

Franklin Universal Trust (FT) announced a monthly distribution of $0.0425 per share, payable on April 29, 2022. Shareholders on record as of April 18, 2022 will receive this distribution, with an Ex-Dividend Date of April 14, 2022. The fund aims to provide high current income while preserving capital and offers growth through income and capital appreciation. However, past distributions are not indicative of future results, and actual amounts for tax reporting may vary.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0362 per share, payable on April 29, 2022, to shareholders on record as of April 18, 2022. This distribution is part of a managed distribution plan aiming for a minimum annual rate of 8%, based on the average monthly net asset value (NAV). However, the Fund may need to distribute capital gains or return of capital if net income is insufficient. Shareholders are advised that distribution amounts do not reflect investment performance.