BlackRock (BEN) reports 25.26M shares; holds 4.9% stake in Franklin Resources

Rhea-AI Filing Summary

BlackRock, Inc. reported beneficial ownership of 25,257,802 shares of Franklin Resources Inc. Common Stock, representing 4.9% of the class. The filing states BlackRock has sole voting power over 24,070,923 shares and sole dispositive power over 25,257,802 shares. The Schedule 13G/A is signed by Spencer Fleming on 04/27/2026.

Insights

Institutional Ownership Analyst

BlackRock discloses a sub-5% position in Franklin Resources, detailed voting and dispositive counts.

BlackRock, Inc. lists 25,257,802 shares beneficially owned and 4.9% of the class, with sole voting power on 24,070,923 shares. The filing attributes holdings to Reporting Business Units and follows Release No. 34-39538 aggregation rules.

Ownership falls under the 5% threshold described in Item 5 and Item 6 notes. Future filings may update percentages or power counts; timing not specified in the provided excerpt.

Key Figures

Beneficially owned shares: 25,257,802 shares Percent of class: 4.9% Sole voting power: 24,070,923 shares +3 more

6 metrics

Beneficially owned shares 25,257,802 shares Item 4 amount beneficially owned

Percent of class 4.9% Item 4 percent of class

Sole voting power 24,070,923 shares Item 4(i) sole power to vote

Sole dispositive power 25,257,802 shares Item 4(iii) sole power to dispose

CUSIP 354613101 Cover page CUSIP for Franklin Resources Common Stock

Signature date 04/27/2026 Signed by Spencer Fleming

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, Reporting Business Units, +1 more

5 terms

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: FRANKLIN RESOURCES INC"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. (a) Amount beneficially owned: 25257802"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power financial

"Item 4. (iii) Sole power to dispose or to direct the disposition of: 25257802"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units regulatory

"reflects the securities beneficially owned ... by certain business units"

Investment Company Act of 1940 regulatory

"A listing of the shareholders of an investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

FRANKLIN RESOURCES INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

354613101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 354613101

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 24,070,923.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 25,257,802.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

25,257,802.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FRANKLIN RESOURCES INC
(b)	Address of issuer's principal executive offices: ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 354613101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 25257802
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 24070923
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 25257802
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of FRANKLIN RESOURCES INC. No one person's interest in the common stock of FRANKLIN RESOURCES INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/27/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What stake does BlackRock report in Franklin Resources (BEN)?

BlackRock reports beneficial ownership of 25,257,802 shares, representing 4.9% of Franklin Resources' common stock, as stated in Item 4 of the Schedule 13G/A.

How much voting power does BlackRock hold in Franklin Resources (BEN)?

BlackRock reports sole voting power over 24,070,923 shares and shared voting power of 0, per the filing's Item 4 voting breakdown.

Who signed the Schedule 13G/A for BlackRock for BEN holdings?

The Schedule 13G/A is signed by Spencer Fleming, Managing Director, with signature date 04/27/2026, as shown on the cover information.

Does the filing aggregate holdings across BlackRock business units?

Yes. The filing states holdings reflect securities beneficially owned by Reporting Business Units of BlackRock, Inc. under SEC Release No. 34-39538 aggregation rules.

Is BlackRock reporting ownership over 5% of BEN's class?

No. Item 5 states this is ownership of 5 percent or less of the class; the reported percentage is 4.9%.