Franklin Resources Stock Slips 1.02% on Wednesday Amid Market Downturn
June 25, 2023
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Franklin Resources ($NYSE:BEN) Inc., commonly known as Franklin Templeton, is a San Mateo, California based global investment management organization. On Wednesday, shares of Franklin Resources Inc. slipped 1.02% to $26.13, making it one of the worst performers on a difficult day for the stock market. The cause of the slide in Franklin’s stock price is unclear, though investors may have been reacting to news from the company’s recent earnings report.
Analysis
GoodWhale recently conducted an analysis of FRANKLIN RESOURCES‘s wellbeing and revealed the company’s Star Chart rating: ‘cow’. We concluded that the company has a track record of paying out consistent and sustainable dividends, making it an attractive option for investors looking for steady income. FRANKLIN RESOURCES earned a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is well-equipped to sustain its operations in times of crisis. Furthermore, FRANKLIN RESOURCES scored strong in dividend, medium in asset, profitability and weak in growth. All of these factors point to a company that is stable and able to provide investors with reliable returns over time. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franklin Resources. More…
| Total Revenues | Net Income | Net Margin |
| 7.86k | 812.4 | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Resources. More…
| Operations | Investing | Financing |
| 1.4k | -4.37k | 2.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franklin Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 29.09k | 15.68k | 23.62 |
Key Ratios Snapshot
Some of the financial key ratios for Franklin Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | -7.4% | 17.1% |
| FCF Margin | ROE | ROA |
| 16.6% | 7.2% | 2.9% |
Peers
Franklin Resources Inc is one of the world’s largest asset managers with over $1.5 trillion in assets under management. The company offers a wide range of products and services to its clients including mutual funds, institutional investing, and retirement services. Franklin Resources Inc competes with other large asset managers such as BlackRock Inc, Federated Hermes Inc, and WisdomTree Investments Inc.
– BlackRock Inc ($NYSE:BLK)
BlackRock Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock expanded into other asset classes, becoming the world’s largest asset manager with $6.84 trillion in assets under management as of October 2020. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
– Federated Hermes Inc ($NYSE:FHI)
Federated Hermes Inc is a publicly traded company with a market capitalization of $2.75 billion as of 2022. The company’s return on equity, a measure of profitability, was 22.41% for the same year. Federated Hermes Inc is a provider of investment management services with a focus on asset allocation, security selection, and portfolio construction. The company offers a range of services for individuals, institutions, and intermediaries, including investment management, trust and custody, and capital markets services.
– WisdomTree Investments Inc ($NASDAQ:WETF)
WisdomTree Investments Inc is a publicly traded investment management company that specializes in exchange-traded funds. The company has a market capitalization of $721.2 million and a return on equity of 4.76%. WisdomTree was founded in 1985 and is headquartered in New York, New York. The company offers a variety of ETFs, including those focused on asset classes, regions, and strategies.
Summary
Franklin Resources Inc. (FRANK) experienced a significant decline in their stock on Wednesday with their shares dropping 1.02% to $26.13. This underperformance was seen across the entire stock market, leading investors to reassess their investment in FRANK. In terms of investing analysis, investors should consider past and present trends for the company and their competitors, as well as evaluate potential risk factors that could affect their stock in the future.
Furthermore, investors should assess any potential catalysts that could increase or decrease the price of FRANK’s stock over time. Finally, investors should consider whether FRANK is a viable long-term investment, and if they should make a move now or wait until the company’s performance stabilizes.
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