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Lexington Partners, a unit of Franklin Resources Inc.'s BEN, +1.56% Franklin Templeton arm, on Tuesday said it raised $22.7 billion in capital commitments for Lexington Capital Partners X LP, for investments in private-equity fund stakes. The fund's original target was $15 billion.
SAN MATEO, Calif.--(BUSINESS WIRE)--On Monday, January 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time. In addition, Jenny Johnson, President and CEO; Matthew Nicholls, Executive Vice President, CFO and COO; and Adam Spector, Executive Vice President - Global.
Franklin Resources (BEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Franklin (BEN) closes the acquisition of Putnam from Great-West. The transaction accelerates BEN's growth in the retirement space and adds around $142 billion in AUM.
BEN is a cheap stock with a 4.2% dividend. The company has potential upside catalysts, including further integration of recent acquisitions, additional acquisition potential, share repurchases, and a growing alternatives business. Franklin Resources' strong position in the alternatives market is a key difference vs. traditional asset manager peers.
Franklin (BEN) announces a 3.3% increase in the quarterly dividend and enhances share repurchase scope by authorizing an additional 27.2 million shares.
U.S. equities rose, with the S&P 500 advancing 0.5% Tuesday after the latest report on consumer prices showed inflation cooling ahead of Wednesday's Fed rate decision.
Franklin's (BEN) November AUM balance increases on the back of favorable market performance and flat long-term net outflows.
Franklin Resources (BEN) reported earnings 30 days ago. What's next for the stock?
Franklin (BEN) reports a preliminary AUM of $1.33 trillion for October 2023, which reflects a 2.9% sequential fall.