Franklin Resources, Inc.’s stock price skyrockets to $22.24, marking a significant 10.37% surge

Franklin Resources, Inc. (BEN)

22.24 USD +2.09 (+10.37%) Volume: 21.7M

Franklin Resources, Inc.’s stock price has seen a significant surge, trading at 22.24 USD with a remarkable +10.37% change this session and a +7.96% YTD increase, powered by a robust trading volume of 21.7M, signifying a promising performance for BEN stock in the market.

Latest developments on Franklin Resources, Inc.

Franklin Resources stock has seen a rise following the company’s strong Q1 earnings report. Despite elevated outflows, the earnings beat expectations, with $18 billion in inflows excluding the Western region. The company reported a critical transformation, although total assets under management took a hit. With WAMCO outflows continuing in January, Franklin Resources remains focused on financial recovery. The company also announced plans to target $13 billion to $20 billion in private market fundraising by fiscal 2025. Overall, Franklin Resources continues to outshine estimates and attract investor interest as it navigates through market challenges.

A look at Franklin Resources, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Franklin Resources, also known as Franklin Templeton Investments, is a company that provides investment advisory services to a wide range of investors. According to Smartkarma Smart Scores, Franklin Resources scores high in both the Value and Dividend categories, indicating a positive outlook in terms of these factors. This suggests that the company offers good value for investors and has a strong track record of paying dividends.

However, the company’s scores for Growth, Resilience, and Momentum are lower, indicating some challenges in these areas. While Franklin Resources may not be experiencing significant growth or momentum at the moment, its strong value and dividend scores suggest that it may still be a solid long-term investment option for those looking for stability and income.

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