Franklin Resources Inc.

BEN

Equity

ISIN US3546131018 / Valor 931882

New York Stock Exchange, Inc (2025-03-14)

USD 19.52+3.17%

Franklin Resources Inc.
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About company

Franklin Resources Inc. is a global investment management firm that offers a wide range of financial services including mutual funds, asset management, and advisory services.

Summarized from source with an LLMView SourceSector: Finance

Net Loss for Q4 2024

Franklin Resources Inc. reported a preliminary net loss of $84.7 million, or $0.19 per diluted share, for the fourth quarter of 2024. This is a significant decline compared to the net income of $174.0 million, or $0.32 per diluted share, in the previous quarter, and $295.5 million, or $0.58 per diluted share, for the same quarter in 2023.

Fiscal Year 2024 Net Income

For the fiscal year ended September 30, 2024, Franklin Resources Inc. recorded a preliminary net income of $464.8 million, or $0.85 per diluted share. This represents a decrease from the $882.8 million, or $1.72 per diluted share, reported for the prior fiscal year.

Operating Loss in Q4 2024

The company experienced a preliminary operating loss of $150.7 million for the fourth quarter of 2024. This contrasts with an operating income of $222.5 million in the previous quarter and $338.3 million in the same quarter of the prior year.

Adjusted Earnings for Q4 2024

Franklin Resources Inc. reported a preliminary adjusted net income of $315.2 million and adjusted diluted earnings per share of $0.59 for the fourth quarter of 2024. This is a slight decrease from $326.4 million and $0.60 in the previous quarter, and a more significant drop from $427.0 million and $0.84 in the same quarter of 2023.

Assets Under Management Growth

As of September 30, 2024, Franklin Resources Inc.'s total assets under management (AUM) were $1,678.6 billion, marking a 22% increase from the previous year. This growth was driven by a positive net market change, distributions, and the acquisition of Putnam, despite experiencing long-term net outflows.

Summarized from source with an LLMView Source

Key figures

-27.8%1Y

-27.2%3Y

7.79%5Y

Performance

29.8%1Y

32.1%3Y

38.4%5Y

Volatility