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14 stories mentioning BENUpdated 11d ago

Every FINWIRES story that references BEN, newest first.

Wire

Market Chatter: Franklin's Wamco May Reach $100 Million Settlement With SEC Over Probe

Franklin Resources' (BEN) Western Asset Management may reach a settlement of at least $100 million with the US Securities and Exchange Commission to resolve an investigation into trading practices tied to Ken Leech, a onetime top manager, Bloomberg News reported Thursday, people with knowledge of the matterThe settlement, which relates to the SEC's investigation of trade allocations at Wamco, may be announced in the coming days, though details are still under review, the report said.Franklin Resources did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $31.85, Change: $+1.48, Percent Change: +4.86%

$BEN
Wire

Franklin Templeton, Corastone Launch Private Markets Model Portfolios

Franklin Resources' (BEN) Franklin Templeton and Corastone said Monday they launched private markets model portfolios designed to support financial advisers' access to private market investments through a managed portfolio structure.Financial terms were not provided.The companies said the portfolios use a single-subscription structure intended to lower minimum investment requirements and provide diversified exposure across private market assets.The new products combine Franklin Templeton's investment capabilities with Corastone's technology platform to support functions including subscriptions, portfolio administration, and rebalancing, according to the statement.Price: $31.04, Change: $-0.02, Percent Change: -0.05%

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Wire

Franklin Resources Shows Early 'Turnaround' Signs as Western Outflows Ease, Morgan Stanley Says

Franklin Resources (BEN) is showing signs of an "early-stage turnaround" as improving core fund flows and moderating outflows at Western Asset Management strengthen business momentum, Morgan Stanley said in a report emailed Wednesday.The investment bank said Franklin has posted nine consecutive quarters of "positive net flows" excluding Western, while quarterly Western-related outflows have declined to about $4 billion from a peak of roughly $68 billion a year earlier.Franklin's "repositioning toward higher-growth areas," including separately managed accounts, ETFs and alternatives, is helping stabilize the firm's "trajectory," though "fee compression" and shifts toward "lower-fee products" remain structural challenges, according to the report.Morgan Stanley upgraded Franklin Resources to equal-weight from underweight and raised the price target to $31 from $21, citing improving "flow dynamics" and a more balanced risk-reward profile.Price: $31.13, Change: $+0.67, Percent Change: +2.20%

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Research

Morgan Stanley Upgrades Franklin Resources to Equalweight From Underweight, Raises Price Target to $31 From $21

Franklin Resources (BEN) has an average rating of hold and mean price target of $30.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Franklin Templeton

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $2 to $31, valuing BEN shares (which currently yield 4.5%) at 11x our FY 26 (Sep.) adjusted EPS estimate of $2.80 (raised by $0.23) and at 10.5x our FY 27 EPS estimate of $2.95 (raised by $0.15). Our target multiple compares to BEN's one-year average forward multiple of 10x and a disparate peer average of 16x. BEN reported Mar-Q adjusted EPS of $0.71 vs. $0.47 a year ago, beating the consensus estimate of $0.55 and our forecast of $0.56. Operating revenues rose 9% Y/Y, exceeding our 5%-8% growth forecast, with investment management fees up 9%, while operating margins improved to 14.1% from 6.9% on contained expense growth. We now see revenue growth of 6% to 10% in 2026 and 2027. Weighing the improved Q1 results with the Western Asset Management unit's ongoing legal issues, we think the shares are fairy valued compared to historical averages, but worth holding.

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Wire

Jefferies Raises Franklin Resources Price Target to $30 From $26, Maintains Hold Rating

Jefferies Raises Franklin Resources Price Target to $30 From $26, Maintains Hold Rating

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Wire

TD Cowen Adjusts Price Target on Franklin Resources to $37 From $33, Maintains Buy Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $29.54, Change: $+0.08, Percent Change: +0.27%

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Wire

Goldman Sachs Adjusts Price Target on Franklin Resources to $34 From $30.50, Maintains Buy Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $29.56, Change: $+0.10, Percent Change: +0.33%

$BEN
Wire

Evercore ISI Adjusts Price Target on Franklin Resources to $28 From $27, Maintains Underperform Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $29.66, Change: $+0.20, Percent Change: +0.66%

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Wire

JPMorgan Adjusts Price Target on Franklin Resources to $31 From $28, Maintains Neutral Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $29.66, Change: $+0.20, Percent Change: +0.66%

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Research

Barclays Upgrades Franklin Resources to Equalweight From Underweight, Adjusts PT to $31 From $26

Franklin Resources (BEN) has an average rating of hold and mean price target of $29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$BEN
Research

Research Alert: Franklin Resources: Mar.-q Results Top Expectations On Improved Fund Flows

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BEN reported Mar.-Q adjusted EPS of $0.71 vs. $0.47 a year ago, beating the consensus estimate of $0.55 and our forecast of $0.56. Operating revenues rose 9% Y/Y, exceeding our 5%-8% growth forecast, with investment management fees up 9%, while operating margins improved to 14.1% from 6.9% on contained expense growth. We are encouraged by the latest quarterly results and view BEN's diversified AUM mix as a positive development. Western Asset Management's legal issues may still be a concern, with former co-CIO Ken Leech's fraud trial set for June 2026. AUM advanced 9% to $1.68T, reflecting improved fund flows with $16.9B of net long-term inflows vs. $26.2B outflows a year ago, though FY 25 (Sep.) outflows totaled $97.4B. BEN's AUM comprises 40% equity, 26% fixed income, and 17% alternatives, providing greater diversification than some peers. We believe the Western Asset misconduct has significantly damaged the brand.

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Wire

Barclays Adjusts Price Target on Franklin Resources to $26 From $25, Maintains Underweight Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $26.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $27.05, Change: $+0.51, Percent Change: +1.92%

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Wire

Autonomous Research Adjusts Price Target on Franklin Resources to $24 From $25, Maintains Underperform Rating

Franklin Resources (BEN) has an average rating of hold and mean price target of $26.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $25.27, Change: $+0.36, Percent Change: +1.43%

$BEN

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