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Hot Stocks
Franklin Resources reports preliminary AUM of $617.4B as of May 31 » 16:34
06/09/20
06/09
16:34
06/09/20
16:34
BEN

Franklin Resources

$23.65 /

-0.61 (-2.51%)

Franklin Resources…

Franklin Resources reported preliminary month-end assets under management of $617.6B at May 31, 2020, compared to $599.4B at April 30, 2020. The increase in assets under management was due to strong market performance and improving net outflows. Preliminary average assets under management for the quarter, through May 31, 2020, were $599.1B.

ShowHide Related Items >><<
BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

BEN Franklin Resources
$23.65 /

-0.61 (-2.51%)

Over a month ago
Conference/Events
Franklin Resources participates in a conference call with Jefferies » 13:25
06/04/20
06/04
13:25
06/04/20
13:25
BEN

Franklin Resources

$21.09 /

+ (+0.00%)

Conference call with CEO…

Conference call with CEO Johnson and CFO Nicholls on June 4 at 2 pm hosted by Jefferies.

ShowHide Related Items >><<
BEN Franklin Resources
$21.09 /

+ (+0.00%)

BEN Franklin Resources
$21.09 /

+ (+0.00%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
BEN Franklin Resources
$21.09 /

+ (+0.00%)

BEN Franklin Resources
$21.09 /

+ (+0.00%)

BEN Franklin Resources
$21.09 /

+ (+0.00%)

BEN Franklin Resources
$21.09 /

+ (+0.00%)

Conference/Events
Franklin Resources participates in a conference call with Jefferies » 04:55
06/04/20
06/04
04:55
06/04/20
04:55
BEN

Franklin Resources

$21.09 /

+1.295 (+6.54%)

Conference call with CEO…

Conference call with CEO Johnson and CFO Nicholls on June 4 at 2 pm hosted by Jefferies.

ShowHide Related Items >><<
BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

BEN Franklin Resources
$21.09 /

+1.295 (+6.54%)

Conference/Events
Franklin Resources participates in a conference call with Jefferies » 16:28
06/01/20
06/01
16:28
06/01/20
16:28
BEN

Franklin Resources

$19.48 /

+0.6 (+3.18%)

Conference call with CEO…

Conference call with CEO Johnson and CFO Nicholls on June 4 at 2 pm hosted by Jefferies.

ShowHide Related Items >><<
BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

BEN Franklin Resources
$19.48 /

+0.6 (+3.18%)

Hot Stocks
Legg Mason shareholders approve merger with Franklin Resources » 16:17
05/15/20
05/15
16:17
05/15/20
16:17
LM

Legg Mason

$49.86 /

-0.01 (-0.02%)

, BEN

Franklin Resources

$17.74 /

-0.28 (-1.55%)

Legg Mason (LM) announced…

Legg Mason (LM) announced that its shareholders have voted to approve its proposal to merge with Franklin Resources (BEN), a global investment management organization operating as Franklin Templeton. During a virtual meeting, shareholders approved the merger, which was announced on February 18. More than 99% of the votes cast were voted in favor of the merger. Franklin has agreed to acquire Legg Mason for $50.00 per share of common stock in an all-cash transaction. Franklin will also assume approximately $2B of Legg Mason's outstanding debt as part of the transaction. Subject to regulatory approval and other closing conditions, the companies expect the merger to close in the third quarter of this year.

ShowHide Related Items >><<
LM Legg Mason
$49.86 /

-0.01 (-0.02%)

BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

LM Legg Mason
$49.86 /

-0.01 (-0.02%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

LM Legg Mason
$49.86 /

-0.01 (-0.02%)

BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

LM Legg Mason
$49.86 /

-0.01 (-0.02%)

BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

LM Legg Mason
$49.86 /

-0.01 (-0.02%)

BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

LM Legg Mason
$49.86 /

-0.01 (-0.02%)

BEN Franklin Resources
$17.74 /

-0.28 (-1.55%)

Hot Stocks
Franklin Resources reports preliminary AUM of $599.4B at April 30, 2020 » 16:32
05/11/20
05/11
16:32
05/11/20
16:32
BEN

Franklin Resources

$19.56 /

+0.36 (+1.88%)

Franklin Resources…

Franklin Resources reported preliminary month-end assets under management of $599.4 billion at April 30, 2020, compared to $580.3 billion at March 31, 2020. The increase in assets under management was due to strong market performance and significant improvement in net outflows. Preliminary average assets under management for the quarter, through April 30, 2020, were $589.8 billion.

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BEN Franklin Resources
$19.56 /

+0.36 (+1.88%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
Hot Stocks
Franklin Resources acquires AdvisorEngine, terms undisclosed » 08:58
05/06/20
05/06
08:58
05/06/20
08:58
BEN

Franklin Resources

$17.96 /

-0.37 (-2.02%)

Franklin Resources…

Franklin Resources announced that it has acquired AdvisorEngine, a digital wealth platform and provider of technology and consulting services to more than 1,200 financial advisory firms in the United States that manage over $600B in assets. AdvisorEngine will work closely with Franklin Templeton to co-create new proprietary solutions, including goals-based financial planning tools, digital portfolio construction analytics and research-enabled practice management services to help financial advisors enhance their wealth management offerings. AdvisorEngine will continue to build out its financial experience platform, which brings together advisor experience, business operations experience and client experience in one place. The platform powers client relationship managemen, or CRM, portfolio management, reporting, marketing and digital wealth solutions for financial advisory firms.

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BEN Franklin Resources
$17.96 /

-0.37 (-2.02%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
Conference/Events
Franklin Resources participates in a conference call with UBS » 13:55
04/30/20
04/30
13:55
04/30/20
13:55
BEN

Franklin Resources

$18.50 /

-0.04 (-0.22%)

Financial Analyst Hawken…

Financial Analyst Hawken holds a conference call with CFO Nicholls on April 30 at 2:30 pm hosted by UBS.

ShowHide Related Items >><<
BEN Franklin Resources
$18.50 /

-0.04 (-0.22%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
Hot Stocks
Franklin Resources says Legg Mason acquisition on track to close in Q3 » 08:36
04/30/20
04/30
08:36
04/30/20
08:36
BEN

Franklin Resources

$18.54 /

+1.15 (+6.61%)

, LM

Legg Mason

$49.80 /

+0.18 (+0.36%)

Jenny Johnson, President…

Jenny Johnson, President and CEO of Franklin Resources (BEN), said, "Our acquisition of Legg Mason remains on track to close in the third quarter of the calendar year, and integration plans are well underway. We continue to see the long-term value of these combined franchises and that our strategy to diversify and create new opportunities is the right one. There's excitement at both firms as we continue to move forward with planning for a combined company and working to satisfy the conditions to close. Our combined company will offer a broader range of leading investment strategies, a more encompassing geographical presence, a diversified client base, and a resilient and adaptable platform that can aptly navigate market cycles. It's also premised on the stability and continuity of our client-facing teams, while providing opportunities to invest in our sales and client service model. We are very focused on integration planning to meet these goals. Following the close of the transaction, our financial resources and flexibility will remain robust, an important foundation of our company."

ShowHide Related Items >><<
BEN Franklin Resources
$18.54 /

+1.15 (+6.61%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
LM Legg Mason
$49.80 /

+0.18 (+0.36%)

Earnings
Franklin Resources reports Q2 adjusted EPS 66c, consensus 42c » 08:34
04/30/20
04/30
08:34
04/30/20
08:34
BEN

Franklin Resources

$18.54 /

+1.15 (+6.61%)

Reports Q2 revenue…

Reports Q2 revenue $1.34B, consensus $1.31B. "Being an active manager during this unprecedented time has allowed us to find compelling investment opportunities amidst sharp dislocations across sectors. With this backdrop, security selection is critical. During the recent market volatility, we're pleased to see that our sound investment disciplines are producing strong results, notably in the areas of U.S. equity, municipal bonds, global macro, and global equity," said Jenny Johnson, President and CEO of Franklin Resources. Total assets under management were $580.3B at March 31, 2020, down $118.0B or 17% during the quarter due to $98.2B of net market change, distributions and other and $25.4B of net outflows, slightly offset by $5.6B from an acquisition.

ShowHide Related Items >><<
BEN Franklin Resources
$18.54 /

+1.15 (+6.61%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette

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