Market Summary
USD25.18-0.73
Market Closed-2.82%
BEN Stock Price
BEN RSI Chart
BEN Valuation
BEN Price/Sales (Trailing)
BEN Profitability
BEN Fundamentals
BEN Revenue
BEN Earnings
Price Action
52 Week Range
20.2434.37
(Low)(High)
Last 30 days
0.4%
Last 90 days
1.8%
Trailing 12 Months
6.9%
BEN Financial Health
BEN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for BEN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Sethi Alok | sold (taxes) | -170,361 | 26.74 | -6,371 | evp, technology and operations |
2023-08-31 | JOHNSON JENNIFER M | sold (taxes) | -2,298,280 | 26.74 | -85,949 | president and ceo |
2023-08-31 | Merchant Thomas C | sold (taxes) | -118,057 | 26.74 | -4,415 | evp, general counsel |
2023-08-31 | JOHNSON GREGORY E | sold (taxes) | -567,343 | 26.74 | -21,217 | executive chairman |
2023-08-31 | Nicholls Matthew | sold (taxes) | -1,136,560 | 26.74 | -42,504 | - |
2023-08-31 | Spector Adam Benjamin | sold (taxes) | -530,682 | 26.74 | -19,846 | evp, head global distribution |
2023-08-31 | Shaneyfelt Gwen L | sold (taxes) | -127,175 | 26.74 | -4,756 | chief accounting officer |
2023-08-31 | Murphy Terrence | sold (taxes) | -78,241 | 26.74 | -2,926 | evp, head of public markets |
2023-07-31 | Spector Adam Benjamin | sold (taxes) | -883,604 | 29.24 | -30,219 | evp, head global distribution |
2023-02-07 | YANG GEOFFREY Y | acquired | 160,022 | 32.12 | 4,982 | - |
Which funds bought or sold BEN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -5.6 | -2,496 | 36,459 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | unchanged | - | -55,855 | 6,486,440 | 0.06% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | -5,000 | 679,000 | 0.01% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 10,630 | 10,630 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.91 | -932,291 | 12,962,300 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 7.84 | 238,056 | 3,607,190 | 0.01% |
2023-08-17 | AUXIER ASSET MANAGEMENT | reduced | -0.53 | -41,059 | 2,931,770 | 0.49% |
2023-08-16 | Neo Ivy Capital Management | new | - | 271,000 | 271,000 | 0.14% |
2023-08-16 | Sunbelt Securities, Inc. | new | - | 91,589 | 91,589 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Franklin Resources
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 6.91% | 34,570,289 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 7.47% | 37,357,474 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 5.9% | 29,407,084 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 5.49% | 27,564,494 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 6.51% | 32,682,023 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.4% | 27,015,242 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 6.22% | 31,487,649 | SC 13G/A | |
| Feb 10, 2021 | state street corp | 5.42% | 27,405,759 | SC 13G | |
| Feb 02, 2021 | blackrock inc. | 5.3% | 26,766,010 | SC 13G | |
| Feb 12, 2020 | vanguard group inc | 7.23% | 36,129,484 | SC 13G/A |
Recent SEC filings of Franklin Resources
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | SC 13G/A | Major Ownership Report | |
| Sep 11, 2023 | SC 13G/A | Major Ownership Report | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading |
BEN Fair Value
Loading...
Peers (Alternatives to Franklin Resources)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMP | - | 15.0B | 3.59% | 25.90% | - | - | 9.38% | -23.22% |
BX | 81.5B | 7.0B | 15.62% | 27.98% | 65.35 | 11.71 | -60.78% | -68.72% |
KKR | 54.6B | 11.1B | 6.30% | 34.23% | 44.47 | 4.9 | 13.00% | 26.39% |
BEN | 12.9B | 7.8B | 0.43% | 6.93% | 15.77 | 1.66 | -8.39% | -52.46% |
| MID-CAP | ||||||||
AMG | 4.8B | 2.1B | 1.87% | 10.46% | 4.21 | 2.25 | -13.32% | 104.61% |
AMK | 2.0B | 678.6M | -5.18% | 35.10% | 18.59 | 2.9 | 16.44% | 46.62% |
IVZ | 7.8B | 5.8B | 0.40% | -7.01% | 11.43 | 1.29 | -13.83% | -40.28% |
HLI | 6.9B | 1.8B | 7.59% | 34.62% | 28.19 | 3.82 | 48.44% | -13.75% |
EVR | 5.4B | 2.5B | 5.76% | 58.95% | 15.69 | 2.16 | -24.58% | -51.56% |
JHG | 4.5B | 2.0B | 3.29% | 18.74% | 11.99 | 2.19 | -20.30% | -29.01% |
LAZ | 2.9B | 2.7B | 0.64% | -7.89% | 1.5K | 1.08 | -13.59% | -99.63% |
| SMALL-CAP | ||||||||
DHIL | 476.2M | 140.6M | -5.61% | -1.83% | 9.71 | 3.39 | -21.64% | -14.24% |
VALU | 461.6M | 39.5M | -8.56% | -19.80% | 25.55 | 11.63 | -2.01% | -17.48% |
SCU | 297.6M | 391.0M | 0.08% | 27.51% | -18.65 | 0.76 | -32.74% | -176.48% |
Franklin Resources News
Returns for BEN
Cumulative Returns on BEN
-3.4%
10-Year Cumulative Returns
-0.3%
7-Year Cumulative Returns
-1.2%
5-Year Cumulative Returns
10.3%
3-Year Cumulative Returns
Risks for BEN
What is the probability of a big loss on BEN?
83.1%
Probability that Franklin Resources stock will be more than 20% underwater in next one year
40.4%
Probability that Franklin Resources stock will be more than 30% underwater in next one year.
14.2%
Probability that Franklin Resources stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does BEN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Franklin Resources was unfortunately bought at previous high price.
Drawdowns
Financials for Franklin Resources
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.8% | 7,802 | 7,865 | 8,018 | 8,275 | 8,517 | 8,659 | 8,654 | 8,426 | 7,950 | 6,938 | 6,172 | 5,567 | 5,209 | 5,525 | 5,647 | 5,669 | 5,735 | 5,817 | 6,001 | 6,205 | 6,409 |
| Operating Expenses | 0.4% | 6,690 | 6,662 | 6,608 | 6,501 | 6,560 | 6,629 | 6,631 | 6,551 | 6,502 | 5,736 | 5,087 | 4,518 | 3,963 | 4,136 | 4,219 | 4,203 | 4,180 | 4,134 | 4,142 | 4,176 | 4,211 |
| S&GA Expenses | -2.0% | 1,615 | 1,648 | 1,724 | 1,846 | 1,959 | 2,050 | 2,109 | 2,106 | 2,046 | 1,884 | 1,766 | 1,703 | 1,700 | 1,794 | 1,819 | 1,820 | 1,846 | 1,883 | 1,956 | 2,040 | 2,085 |
| EBITDA | -100.0% | - | 1,454 | 1,471 | 1,923 | 2,375 | 2,660 | 2,803 | 2,654 | 2,089 | 1,779 | 1,257 | 1,147 | 1,333 | 1,481 | 1,870 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.18* | 0.18* | 0.23* | 0.28* | 0.31* | 0.32* | 0.31* | 0.27* | 0.26* | 0.20* | 0.21* | 0.25* | 0.26* | 0.32* | - | - | - | - | - | - |
| Interest Expenses | 5.0% | 126 | 120 | 110 | 98.00 | 85.00 | 82.00 | 75.00 | 85.00 | 90.00 | 69.00 | 57.00 | 33.00 | 20.00 | 20.00 | 22.00 | 22.00 | 21.00 | 38.00 | 42.00 | 46.00 | 56.00 |
| Earnings Before Taxes | 1.5% | 1,246 | 1,227 | 1,263 | 1,729 | 2,213 | 2,456 | 2,603 | 2,444 | 1,906 | 1,620 | 1,110 | 1,018 | 1,214 | 1,358 | 1,747 | 1,648 | 1,735 | 1,769 | 1,910 | 2,215 | 2,390 |
| EBT Margin | -100.0% | - | 0.16* | 0.16* | 0.21* | 0.26* | 0.28* | 0.30* | 0.29* | 0.24* | 0.24* | 0.18* | 0.18* | 0.23* | 0.24* | 0.30* | - | - | - | - | - | - |
| Net Income | -3.4% | 820 | 849 | 1,004 | 1,292 | 1,725 | 1,907 | 1,939 | 1,831 | 1,244 | 1,096 | 794 | 799 | 1,026 | 982 | 1,270 | 1,196 | 1,392 | 1,548 | 1,624 | 764 | 687 |
| Net Income Margin | -100.0% | - | 0.11* | 0.13* | 0.16* | 0.20* | 0.22* | 0.22* | 0.22* | 0.16* | 0.16* | 0.13* | 0.14* | 0.19* | 0.17* | 0.22* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,306 | 1,433 | 1,866 | 1,496 | 869 | 1,038 | 1,166 | 1,067 | 1,335 | 1,188 | 918 | 685 | -269 | -188 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 4.0% | 30,235 | 29,086 | 29,335 | 28,061 | 27,596 | 25,833 | 24,995 | 24,168 | 23,129 | 21,870 | 21,230 | 21,685 | 15,617 | 14,666 | 15,002 | 14,532 | 14,463 | 14,239 | 13,951 | 14,384 | 15,528 |
| Cash Equivalents | 2.5% | 4,388 | 4,279 | 4,502 | 4,783 | 4,479 | 5,015 | 4,544 | 4,647 | 4,361 | 4,604 | 4,458 | 3,990 | 7,030 | 6,036 | 5,976 | 6,207 | 5,758 | 5,946 | 6,659 | 6,911 | 6,654 |
| Net PPE | 7.5% | 806 | 750 | 760 | 743 | 759 | 744 | 756 | 770 | 753 | 768 | 801 | 814 | 705 | 709 | 692 | 684 | 685 | 577 | 541 | 535 | 522 |
| Goodwill | 0.1% | 6,012 | 6,007 | 5,943 | 5,779 | 5,807 | 1,105 | 262 | 4,458 | 4,517 | 4,516 | 4,515 | 4,501 | 2,191 | - | - | 2,130 | - | - | - | 1,795 | - |
| Liabilities | 6.1% | 16,645 | 15,683 | 14,800 | 14,236 | 13,817 | 12,505 | 11,815 | 11,425 | 10,646 | 9,373 | 9,193 | 10,274 | 3,900 | 3,704 | 3,377 | 3,161 | 3,091 | 2,921 | 2,942 | 3,132 | 3,306 |
| Long Term Debt | -0.2% | 3,359 | 3,365 | 3,371 | 3,376 | 3,382 | 3,388 | 3,394 | 3,399 | 3,481 | 3,487 | 3,753 | 3,017 | 697 | 697 | 697 | 697 | 697 | 698 | 698 | 696 | 696 |
| Shareholder's Equity | -4.0% | 11,948 | 12,443 | 12,556 | 11,475 | 12,285 | 12,190 | 12,196 | 11,811 | 11,431 | 11,519 | 11,280 | 10,869 | 10,904 | 10,685 | 10,759 | 10,542 | 10,566 | 10,499 | 10,077 | 10,208 | 10,190 |
| Retained Earnings | 0.8% | 12,361 | 12,260 | 12,113 | 12,046 | 11,998 | 11,891 | 11,892 | 11,551 | 11,151 | 10,862 | 10,665 | 10,473 | 10,515 | 10,330 | 10,408 | 10,288 | 10,242 | 10,220 | 10,088 | 10,218 | 10,154 |
| Shares Outstanding | -0.4% | 499 | 501 | 500 | 500 | 498 | 500 | 503 | 502 | 503 | 504 | 505 | 495 | 495 | 495 | 498 | 499 | 504 | 508 | 511 | 519 | 529 |
| Minority Interest | -3.2% | 591 | 611 | 889 | 824 | 741 | 649 | 644 | 587 | 556 | 1,118 | 1,020 | 755 | 890 | 850 | 753 | 718 | 655 | 615 | 331 | 309 | 327 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -11.8% | 1,232 | 1,397 | 1,534 | 1,957 | 1,596 | 970 | 1,121 | 1,245 | 1,120 | 1,489 | 1,343 | 1,083 | 802 | -34.70 | 45.00 | 269 | 891 | 1,777 | 2,164 | 2,230 | 1,686 |
| Share Based Compensation | -14.9% | 185 | 218 | 218 | 208 | 206 | 198 | 190 | 172 | 162 | 151 | 135 | 122 | 110 | 110 | 108 | 112 | 116 | 116 | 119 | 118 | 118 |
| Cashflow From Investing | 10.8% | -3,900 | -4,372 | -3,643 | -3,329 | -3,359 | -2,489 | -2,532 | -2,615 | -5,533 | -5,345 | -4,843 | -4,061 | -730 | -535 | -1,205 | -1,275 | -1,026 | -843 | -330 | -290 | -285 |
| Cashflow From Financing | 13.1% | 2,521 | 2,230 | 2,077 | 1,585 | 1,976 | 1,975 | 1,537 | 2,030 | 1,698 | 2,129 | 1,705 | 734 | 1,221 | 939 | 727 | 340 | -747 | -3,660 | -4,106 | -3,761 | -3,541 |
| Dividend Payments | 1.1% | 601 | 594 | 588 | 583 | 578 | 573 | 568 | 560 | 553 | 545 | 537 | 533 | 530 | 528 | 527 | 519 | 510 | 2,133 | 2,128 | 2,117 | 2,107 |
| Buy Backs | -0.1% | 96.00 | 96.00 | 173 | 181 | 226 | 221 | 186 | 208 | 168 | 121 | 140 | 218 | 353 | 474 | 554 | 755 | 962 | 1,287 | 1,575 | 1,425 | 1,244 |
BEN Income Statement
2023-06-30Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating Revenues | ||||
| Operating revenues | $ 1,969.0 | $ 2,031.3 | $ 5,863.3 | $ 6,336.3 |
| Operating Expenses | ||||
| Compensation and benefits | 841.2 | 766.7 | 2,667.7 | 2,321.8 |
| Sales, distribution and marketing | 406.8 | 440.3 | 1,202.0 | 1,432.8 |
| Information systems and technology | 127.3 | 125.9 | 376.7 | 376.6 |
| Occupancy | 56.9 | 53.8 | 171.1 | 163.1 |
| Amortization of intangible assets | 85.4 | 81.8 | 254.6 | 200.5 |
| General, administrative and other | 136.5 | 158.1 | 427.2 | 416.1 |
| Total operating expenses | 1,654.1 | 1,626.6 | 5,099.3 | 4,910.9 |
| Operating Income | 314.9 | 404.7 | 764.0 | 1,425.4 |
| Other Income (Expenses) | ||||
| Investment and other income, net | 51.2 | 13.0 | 267.9 | 97.7 |
| Interest expense | (34.9) | (28.9) | (99.3) | (71.1) |
| Expenses of consolidated investment products | 5.8 | |||
| Other Income (Expenses), Net | 17.2 | (91.6) | 228.2 | 49.8 |
| Income before taxes | 332.1 | 313.1 | 992.2 | 1,475.2 |
| Taxes on income | 84.1 | 89.5 | 237.3 | 347.7 |
| Net income | 248.0 | 223.6 | 754.9 | 1,127.5 |
| Less: net income (loss) attributable to | ||||
| Redeemable noncontrolling interests | 26.8 | (0.5) | 108.5 | (50.2) |
| Nonredeemable noncontrolling interests | (6.3) | (32.3) | 59.1 | 118.5 |
| Net income attributable to Franklin Resources, Inc. | $ 227.5 | $ 256.4 | $ 587.3 | $ 1,059.2 |
| Earnings per Share | ||||
| Basic | $ 0.44 | $ 0.50 | $ 1.14 | $ 2.07 |
| Diluted | $ 0.44 | $ 0.50 | $ 1.14 | $ 2.07 |
| CIPs [Member] | ||||
| Other Income (Expenses) | ||||
| Investment and other income, net | $ 1.7 | $ (74.4) | $ 75.3 | $ 33.3 |
| Expenses of consolidated investment products | (0.8) | (1.3) | (15.7) | (10.1) |
| Less: net income (loss) attributable to | ||||
| Redeemable noncontrolling interests | 10.5 | (16.5) | 68.5 | (90.9) |
| Investment management fees [Member] | ||||
| Operating Revenues | ||||
| Operating revenues | 1,613.4 | 1,636.1 | 4,818.5 | 5,045.8 |
| Sales and distribution fees [Member] | ||||
| Operating Revenues | ||||
| Operating revenues | 304.0 | 335.6 | 897.3 | 1,104.0 |
| Shareholder servicing fees [Member] | ||||
| Operating Revenues | ||||
| Operating revenues | 38.8 | 46.9 | 115.5 | 146.8 |
| Other [Member] | ||||
| Operating Revenues | ||||
| Operating revenues | $ 12.8 | $ 12.7 | $ 32.0 | $ 39.7 |
BEN Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| Assets | ||
| Receivables | $ 1,341.9 | $ 1,264.8 |
| Investments | 2,249.1 | 1,651.3 |
| Total investments, at fair value | 867.3 | 613.5 |
| Property and equipment, net | 806.1 | 743.3 |
| Goodwill | 6,012.3 | 5,778.6 |
| Intangible assets, net | 4,994.9 | 5,082.1 |
| Operating lease right-of-use assets | 431.0 | 464.5 |
| Other | 372.7 | 395.4 |
| Total Assets | 30,234.6 | 28,060.6 |
| Liabilities | ||
| Compensation and benefits | 1,461.2 | 1,464.4 |
| Accounts payable and accrued expenses | 563.5 | 466.2 |
| Income taxes | 448.6 | 523.1 |
| Debt | 3,358.7 | 3,376.4 |
| Deferred tax liabilities | 450.7 | 347.8 |
| Operating lease liabilities | 494.8 | 528.4 |
| Other | 1,313.7 | 1,425.0 |
| Total liabilities | 16,645.3 | 14,235.9 |
| Commitments and Contingencies (Note 10) | ||
| Redeemable Noncontrolling Interests | 1,050.1 | 1,525.8 |
| Stockholders’ Equity | ||
| Preferred stock, $1.00 par value, 1,000,000 shares authorized; none issued | 0.0 | 0.0 |
| Common stock, $0.10 par value, 1,000,000,000 shares authorized; 499,012,841 and 499,575,175 shares issued and outstanding at June 30, 2023 and September 30, 2022 | 49.9 | 50.0 |
| Retained earnings | 12,360.7 | 12,045.6 |
| Accumulated other comprehensive loss | (462.5) | (621.0) |
| Total Franklin Resources, Inc. stockholders’ equity | 11,948.1 | 11,474.6 |
| Nonredeemable noncontrolling interests | 591.1 | 824.3 |
| Total stockholders’ equity | 12,539.2 | 12,298.9 |
| Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity | 30,234.6 | 28,060.6 |
| CIPs [Member] | ||
| Assets | ||
| Cash and cash equivalents | 659.0 | 647.6 |
| Receivables | 118.3 | 134.0 |
| Total investments, at fair value | 9,639.0 | 7,898.1 |
| Total Assets | 10,416.3 | 8,679.7 |
| Liabilities | ||
| Accounts payable and accrued expenses | 565.4 | 646.9 |
| Debt | 7,988.7 | 5,457.7 |
| Other | 26.6 | 175.0 |
| Total liabilities | 8,580.7 | 6,279.6 |
| Redeemable Noncontrolling Interests | 590.9 | 942.2 |
| Stockholders’ Equity | ||
| Total Franklin Resources, Inc. stockholders’ equity | 967.9 | 960.8 |
| Nonredeemable noncontrolling interests | 276.8 | 497.1 |
| Total stockholders’ equity | 1,244.7 | 1,457.9 |
| Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity | 10,416.3 | 8,679.7 |
| Franklin Resources, Inc. [Member] | ||
| Assets | ||
| Cash and cash equivalents | $ 3,728.6 | $ 4,134.9 |
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.