Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.
Company profile
Ticker
BEN
Exchange
Website
CEO
Ms. Jennifer M. Johnson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AdvisorEngine Inc. • Benji Staking, LLC • Brandywine Global Investment Management (Europe) Limited • CCPF GP Holdco No.2 Limited • CCPF No.2 (GP) Limited • Clarion Partners (Deutschland) Europe GmbH • Clarion Partners EMEA Limited • Clarion Partners Europe Limited • Clarion Partners Europe (UK) Limited • Clarion Partners Holdings LLC ...
IRS number
132670991
BEN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
N-PX
Annual report of proxy voting record
29 Aug 24
8-K
Western Asset Management Company Announces Leadership Transition
21 Aug 24
10-Q
2024 Q3
Quarterly report
26 Jul 24
8-K
Franklin Resources, Inc. Announces Third Quarter Results
26 Jul 24
S-3
Shelf registration
1 Jul 24
10-Q
2024 Q2
Quarterly report
29 Apr 24
8-K
Franklin Resources, Inc. Announces Second Quarter Results
29 Apr 24
S-8
Registration of securities for employees
21 Mar 24
8-K
Departure of Directors or Certain Officers
9 Feb 24
8-K
Departure of Directors or Certain Officers
8 Feb 24
Transcripts
BEN
Earnings call transcript
2024 Q3
26 Jul 24
BEN
Earnings call transcript
2024 Q2
29 Apr 24
BEN
Earnings call transcript
2024 Q1
29 Jan 24
BEN
Earnings call transcript
2023 Q4
31 Oct 23
BEN
Earnings call transcript
2023 Q3
28 Jul 23
BEN
Earnings call transcript
2023 Q3
28 Jul 23
BEN
Earnings call transcript
2023 Q2
1 May 23
BEN
Earnings call transcript
2022 Q4
30 Jan 23
BEN
Earnings call transcript
2022 Q4
1 Nov 22
BEN
Earnings call transcript
2022 Q3
28 Jul 22
Latest ownership filings
SC 13D/A
Clarion Partners Real Estate Income Fund Inc.
9 Oct 24
4
John Y Kim
2 Oct 24
4
Karen Matsushima King
2 Oct 24
SC 13D/A
Franklin BSP Private Credit Fund
23 Sep 24
SC 13D/A
Clarion Partners Real Estate Income Fund Inc.
20 Sep 24
4
John Y Kim
17 Sep 24
4
CHARLES B JOHNSON
13 Sep 24
SC 13D/A
Franklin BSP Private Credit Fund
9 Sep 24
4
JENNIFER M JOHNSON
4 Sep 24
4
GREGORY E JOHNSON
4 Sep 24
Financial summary
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| Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 4.11 bn | 4.11 bn | 4.11 bn | 4.11 bn | 4.11 bn | 4.11 bn |
| Cash burn (monthly) | 4.20 mm | 22.99 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 14.82 mm | 81.15 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 4.10 bn | 4.03 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 975.4 | 175.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
54.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 576 |
| Opened positions | 86 |
| Closed positions | 90 |
| Increased positions | 245 |
| Reduced positions | 160 |
| 13F shares | Current |
|---|---|
| Total value | 5.53 tn |
| Total shares | 287.15 mm |
| Total puts | 410.90 k |
| Total calls | 1.21 mm |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 35.59 mm | $795.52 bn |
| PWCCF Power Corp of Canada | 32.22 mm | $720.17 bn |
| BLK BlackRock | 32.02 mm | $715.57 bn |
| GWLIF Great-West Lifeco | 31.56 mm | $0.00 |
| STT State Street | 20.56 mm | $465.73 bn |
| IVZ Invesco | 9.15 mm | $204.43 bn |
| ProShare Advisors | 7.10 mm | $158.58 bn |
| Geode Capital Management | 6.91 mm | $154.07 bn |
| MS Morgan Stanley | 4.65 mm | $103.84 bn |
| GS The Goldman Sachs Group, Inc. | 4.51 mm | $100.85 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Oct 24 | Karen Matsushima King | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Acquire A | No | No | 19.71 | 1,610.858 | 31.75 k | 38,485.345 |
| 1 Oct 24 | Kim John Y | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Acquire A | No | No | 19.71 | 1,572.806 | 31.00 k | 46,273.425 |
| 16 Sep 24 | Kim John Y | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Acquire A | No | No | 20.11 | 248.633 | 5.00 k | 44,700.62 |
| 11 Sep 24 | Charles B Johnson | Common Stock, par value $.10 | Buy | Acquire P | No | No | 19.0799 | 100,000 | 1.91 mm | 89,308,192 |
| 31 Aug 24 | Terrence Murphy | Common Stock, par value $.10 | Payment of exercise | Dispose F | No | No | 20.24 | 7,039 | 142.47 k | 99,185 |
News
Barclays Maintains Underweight on Franklin Resources, Lowers Price Target to $19
14 Oct 24
Wells Fargo Maintains Equal-Weight on Franklin Resources, Lowers Price Target to $19
9 Oct 24
Evercore ISI Group Maintains Underperform on Franklin Resources, Lowers Price Target to $19
4 Oct 24
10 Financials Stocks Whale Activity In Today's Session
2 Oct 24
Forecasting The Future: 11 Analyst Projections For Franklin Resources
30 Sep 24
Press releases
Rosen Law Firm Encourages Franklin Resources, Inc. Investors to Inquire About Securities Class Action Investigation – BEN
11 Oct 24
Franklin Resources (BEN) Stumbles Again After Shuttering $2 Billion Fund, Placing Co-CIO On Leave - Hagens Berman
10 Oct 24
Franklin Resources, Inc. Announces Month-End Assets Under Management
9 Oct 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Franklin Resources, Inc. - BEN
9 Oct 24
Bragar Eagel & Squire, P.C. Is Investigating MaxLinear, Centuri, Medpace, and Franklin and Encourages Investors to Contact the Firm
8 Oct 24