Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,530.1 billion as of September 30, 2021, down from $1,572.1 billion at August 31, 2021. This decline was due to market depreciation and slight long-term net outflows, including a $2 billion fixed income institutional redemption. For the quarter, AUM fell by $9.9 billion, influenced by redemptions in the company's products, particularly $5.4 billion from a 529 plan.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0685 per share from net investment income, payable on October 29, 2021. The distribution will benefit shareholders of record as of October 15, 2021 with an Ex-Dividend Date set for October 14, 2021. The Fund operates under a managed distribution plan, ensuring a minimum annual fixed rate of 10% based on average monthly net asset value (NAV), although success is not guaranteed. Distributions may include returns of capital or capital gains.

Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0356 per share, set for payment on October 29, 2021. Shareholders on record as of October 15, 2021 will receive this distribution. The Fund operates under a managed distribution plan, guaranteeing a minimum annual rate of 7.5%, based on average net asset value (NAV). It aims to balance distributions through ordinary income, short-term capital gains, or, if necessary, long-term capital gains and return of capital.

AdvisorEngine has announced the hiring of three key leaders: George Tamer as Head of Sales, Suleman Din as Advisor Intelligence Lead, and Christina Esfehani as Head of Product Marketing. This move supports the company’s goal to add 25 new hires in the upcoming year, reflecting its commitment to enhancing client services. Tamer brings 25 years of wealth management expertise; Din is set to develop thought leadership in digital wealth management; and Esfehani aims to sharpen product communication. These additions signal a strategic effort to strengthen AdvisorEngine's position in the competitive market.

Franklin Resources, Inc. (NYSE:BEN) announces its acquisition of O’Shaughnessy Asset Management (OSAM), enhancing its position in the separately managed account (SMA) sector. With $130 billion in SMA assets under management, this acquisition adds OSAM’s $6.4 billion AUM and innovative Canvas® platform, supporting factor-based and custom indexing solutions. The deal is expected to improve client services through tailored investment strategies and is set to close in Q4 2021, pending customary conditions.

Benefit Street Partners Realty Trust has announced a third quarter 2021 common dividend of $0.355 per share, payable on October 1, 2021. This dividend benefits stockholders of record as of September 30, 2021. Additionally, the company is in the process of a merger with Capstead Mortgage Corporation, under an agreement dated July 25, 2021. The SEC has declared the registration statement effective as of September 3, 2021. Both companies encourage stockholders to review the relevant documents thoroughly for significant details regarding the merger.

Fiduciary Trust International, a wealth management subsidiary of Franklin Templeton, has appointed Michael A. Bayles as a senior portfolio manager in New York. Bayles joins from Wells Fargo, where he held significant roles for over a decade. He is experienced in managing portfolios for high-net-worth clients and is a CFA charterholder. The company emphasizes the importance of having knowledgeable teams to meet evolving client needs. Fiduciary Trust International has been expanding its team recently, indicating ongoing growth and commitment to client service.

Franklin Resources, Inc. (NYSE:BEN) has acquired the US-based Investment Grade Credit team from Aviva Investors, which includes senior portfolio managers Josh Lohmeier and Michael Cho. This team manages over $7.5 billion in assets across various credit strategies. The acquisition aims to enhance Franklin Templeton Fixed Income's capabilities, particularly in investment grade credit and institutional client solutions. Tom Meyers has been appointed as SVP, Senior Director of Investments and Strategy Development, focusing on expanding Franklin Templeton's reach and offerings in the institutional market.

Legg Mason Partners Fund Advisor, LLC has announced the monthly distributions for its closed-end funds under the managed distribution policy for October and November 2021. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04350 per share for both months. Key dates include the record date on 10/22/2021 for October and 11/22/2021 for November. The managed distribution policy may change, potentially affecting the market price of the shares.