Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,521.8 billion as of January 31, 2022, a decrease from $1,578.1 billion on December 31, 2021. This decline was primarily attributed to adverse market conditions, with long-term net flows remaining stable. By asset class, fixed income AUM was $626.0 billion, equity AUM was $526.3 billion, and alternatives were $154.9 billion. Overall, AUM fell due to market fluctuations, highlighting ongoing market risk concerns.

Templeton Global Income Fund (NYSE: GIM) has declared a monthly distribution of $0.0342 per share, payable on February 28, 2022, to shareholders of record on February 17, 2022. The Fund follows a managed distribution plan ensuring an annual fixed rate of 7.5% based on the average monthly NAV. The Board may amend or terminate this plan without notice, potentially impacting share prices. Distributions should not be seen as indicators of the Fund's investment performance, as they may include returns of capital and estimates for tax reporting.

Templeton Emerging Markets Income Fund [NYSE: TEI] announced a monthly distribution of $0.0633 per share, payable on February 28, 2022 to shareholders on record as of February 17, 2022. The Fund implements a managed distribution plan ensuring a minimum annual rate of 10%, based on average monthly net asset value. Distributions may include long-term capital gains or return of capital if net ordinary income is insufficient. Shareholders should not interpret distribution amounts as indicators of investment performance, as actual reporting will vary based on investment outcomes.

Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of $0.0425 per share, payable on February 28, 2022. Shareholders of record on February 17, 2022 will receive this distribution, with an ex-dividend date set for February 16, 2022. The Trust aims to provide high current income with capital preservation, while also seeking to grow income through dividend increases. Investors should note that past distributions may not predict future payouts.

Franklin Resources reported net income of $453.2 million or $0.88 per diluted share for Q1 2022, down 32% from $665.7 million or $1.30 per share in Q4 2021. Operating income rose to $557.7 million, a 5% increase from the previous quarter. Adjusted net income was $553.6 million, down 14% from the prior quarter. The firm experienced $24.1 billion in long-term net inflows, pushing total Assets Under Management (AUM) to $1.578 trillion, a 3% increase. Key acquisitions were completed, highlighting strategic growth in alternatives and wealth management.

Templeton Global Income Fund (NYSE: GIM) has announced estimated sources of its monthly distribution scheduled for January 31, 2022. The distribution per share is estimated at $0.0345, with 14% from net investment income and 86% as a return of capital. As of December 31, 2021, GIM's cumulative distribution for the fiscal year is $0.3734, with significant portions being a return of capital, not reflective of investment performance. The managed distribution plan aims to provide a minimum annual distribution rate of 7.5%.

Templeton Emerging Markets Income Fund (NYSE: TEI) announced its estimated sources of distributions for the fiscal year ending December 31, 2021. As of December 31, 2021, the fund plans a distribution of $0.0648 per share, with 63% from net investment income and 37% as a return of capital. For the fiscal year, the cumulative distribution stands at $0.7614 per share, with 74% derived from net investment income. The fund's managed distribution plan aims for a minimum annual distribution rate of 10% based on NAV. However, there is no guarantee of success.