Skip to Content

Franklin Resources Inc BEN

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Market Gains Offset Continued Outflows in Franklin's Fiscal Q2; No Change to FVE

Greggory Warren, CFA Sector Strategist

Analyst Note

| Greggory Warren, CFA |

There was little in narrow-moat Franklin Resources' fiscal second quarter that would alter our long-term view of the firm. We are leaving our $30 per-share fair value estimate in place. Franklin closed out the March quarter with $1.499 trillion in assets under management, or AUM, up 0.1% sequentially and 158.3% on a year-over-year basis. That said, absent the Legg Mason deal, which added $797 billion in AUM in July 2020, the firm's managed assets were up 20.9% on a year-over-year basis.

Read Full Analysis

Company Profile

Business Description

Franklin Resources provides investment services for individual and institutional investors. At the end of March 2021, Franklin had $1.499 trillion in managed assets, composed primarily of equity (33%), fixed-income (45%), multi-asset/balanced (9%) funds, alternatives (9%) and money market funds. Distribution tends to be weighted more toward retail investors (52% of AUM) investors, as opposed to institutional (46%) and high-net-worth (2%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers we cover, with more than 35% of its AUM invested in global/international strategies and close to 25% of managed assets sourced from clients domiciled outside the United States.

Contact
One Franklin Parkway
San Mateo, CA, 94403
T +1 650 312-2000
Sector Financial Services
Industry Asset Management
Most Recent Earnings Mar 31, 2021
Fiscal Year End Sep 30, 2021
Stock Type High Yield
Employees 11,100

Related