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Franklin Resources, Inc. - BEN STOCK NEWS

Welcome to our dedicated news page for Franklin Resources (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Franklin Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Franklin Resources's position in the market.

News
Clarion Partners Completes 24 LEED Certifications Under the LEED Volume Program
Rhea-AI Summary
Clarion Partners, LLC (Ticker: CP) achieves LEED certification for 24 industrial development projects under the U.S. Green Building Council's LEED Volume Program. The company has more than 8.8 million square feet of additional industrial development underway or soon to begin that is expected to achieve LEED certification over the next 6 to 12 months, with a pipeline of more than 20 million square feet of additional planned developments currently under review. The LEED Volume program allows Clarion to achieve LEED certification for development projects in a more efficient and cost-effective manner, offering expedited opportunities for the Firm to deliver Class A, modern, logistics facilities. Clarion believes that achieving LEED certification for new developments will help attract and retain high-quality tenants in the U.S. industrial sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
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Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions
Rhea-AI Summary
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced the estimated sources of the distribution to be paid on November 30, 2023, and for the fiscal year 2023 year-to-date. The distribution per share, net investment income, and other sources are detailed in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
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Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations
Rhea-AI Summary
Franklin Templeton (BEN) commissions first landscape study since 2019, revealing corporate pension plans reaching fully-funded status, signaling changes to their liability-driven investment (LDI) approaches. The average pension was just 88 percent funded at the end of 2020, but the rise in interest rates has resulted in many corporate DB plans reaching fully-funded status, now 104 percent on average, in less than two years. 73 percent of pension plans report funding ratios of 100 percent or higher, while 23 percent report funding ratios in excess of 110 percent. The challenge pension funds now face is preserving these healthy funding levels, with 70 percent of plans indicating that protecting funded status at current levels is a top investment priority compared to 20 percent of plans that cite generating returns to maximize funded status as their top investment priority.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of December 2023, January and February 2024
Rhea-AI Summary
Legg Mason Partners Fund Advisor (LMPA): Distributions Declared for December 2023, January and February 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
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Franklin Templeton Employees Engage in Read for the Record Initiative
Rhea-AI Summary
Franklin Templeton: 40 Employees Participate in Jumpstart's Read for the Record Campaign
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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Franklin Resources, Inc. Announces Month-End Assets Under Management
Rhea-AI Summary
Franklin Resources, Inc. (NYSE: BEN) reported a decrease in preliminary month-end assets under management (AUM) to $1.33 trillion at October 31, 2023, from $1.37 trillion at September 30, 2023, due to negative markets and long-term net outflows. Fixed Income, Equity, and Alternative asset classes also experienced declines in AUM.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
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none
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Franklin Templeton Launches Franklin Focused Growth ETF (FFOG)
Rhea-AI Summary
Franklin Templeton has launched the Franklin Focused Growth ETF (FFOG) on CBOE, aiming to provide capital appreciation by investing in growth equity securities. FFOG is a non-diversified fund managed by Matt Moberg, who also manages four thematic ETFs focused on dynamic innovation. This is Franklin Templeton's third mutual fund-to-ETF conversion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results
Rhea-AI Summary
Franklin Resources, Inc. (NYSE: BEN) reported preliminary net income of $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023, compared to $227.5 million or $0.44 per diluted share for the previous quarter. Preliminary net income for the year ended September 30, 2023, was $882.8 million or $1.72 per diluted share. The company's long-term net flows were positive in key areas, including alternatives, multi-asset, ETFs, Canvas, and the high-net-worth channel. The acquisition of Alcentra, a leading European credit manager, doubled the company's alternative credit assets under management (AUM). The pending acquisition of Putnam Investments will strengthen its presence in the retirement and insurance segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
earnings
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News
Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions
Rhea-AI Summary
Western Asset Inflation-Linked Opportunities & Income Fund [NYSE: WIW] has released a notification of sources of distributions. The estimated allocations for the October monthly distribution as of September 30, 2023, are as follows: Distribution Per Share: $0.1185, Net Investment Income: $0.1185, Net Realized Short-Term Capital Gains: $0.0000, Net Realized Long-Term Capital Gains: $0.0000, Return of Capital: $0.0000. The cumulative estimated allocations for the fiscal year-to-date as of September 30, 2023, are: Distribution Per Share: $0.9590, Net Investment Income: $0.9590, Net Realized Short-Term Capital Gains: $0.0000, Net Realized Long-Term Capital Gains: $0.0000, Return of Capital: $0.0000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
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Fiduciary Trust International Continues Expansion in South Florida, Opening New Office in West Palm Beach
Rhea-AI Summary
Fiduciary Trust International, a global wealth manager, has opened a new office in West Palm Beach, Florida, providing local access to customized investment and wealth management services for high-net-worth clients. The region is attracting financial services companies from New York, earning the nickname 'Wall Street South.' The company aims to bring its expertise and offerings to more people in the area through the new office.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
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Stock BEN logo
Franklin Resources, Inc.

NYSE:BEN

BEN Rankings

#669 Ranked by Market Cap
#2257 Ranked by Stock Gains
#650 Ranked by Dividends

BEN Stock Data

13.01B
313.06M
40.24%
48.81%
4.15%
Investment Advice
Finance and Insurance
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US
San Mateo

About BEN

franklin resources, inc. [nyse:ben] is a global investment management organization with subsidiaries operating as franklin templeton (www.franklinresources.com). the products, services, information and materials referenced in this site may not be available to residents in certain jurisdictions. consult with an investment professional or contact your local franklin templeton office for more information. this site and the information contained herein is not intended to constitute an offer to sell or an invitation or solicitation of an offer to buy any product or service by franklin templeton. nothing in this website should be construed as investment, tax, legal or other advice. all investments involve risks, including potential loss of principal.linkedin is owned by a third party unaffiliated with us. we are not responsible for linkedin’s privacy, security, or terms of use policies that control this service, nor their content, software, or tools (or those of any third party’s) that are