BEN Franklin Resources, Inc.
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners. The company was founded by Rupert H. Johnson, Sr. in 1947 and is headquartered in San Mateo, CA.
Company profile
Ticker
BEN
Exchange
Website
CEO
Jennifer M. Johnson
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
132670991
Investment data
Securities sold
Number of investors
| Top 50 of 1453 long holdings End of quarter 31 Dec 19 |
Value |
#Shares |
|---|---|---|
| $4.2B | 26.62M | |
| $2.93B | 54.38M | |
| $2.46B | 1.33M | |
| $2.23B | 7.61M | |
| $2.13B | 15.31M | |
| $2.07B | 18.24M | |
| $1.84B | 12.63M | |
| $1.74B | 4.92M | |
| $1.74B | 20.98M | |
| $1.7B | 26.63M | |
| $1.64B | 5.48M | |
| $1.61B | 12.52M | |
| $1.56B | 17.14M | |
| $1.55B | 10.69M | |
| $1.52B | 24.82M | |
| $1.52B | 21.74M | |
| $1.5B | 7.09M | |
| $1.48B | 18.54M | |
| $1.47B | 7.8M | |
| $1.41B | 7.36M | |
| $1.34B | 9.84M | |
| $1.33B | 17.95M | |
| $1.27B | 23.96M | |
| $1.26B | 31.42M | |
| $1.2B | 5.7M | |
| $1.19B | 6.73M | |
| $1.16B | 28.2M | |
| $1.16B | 19.64M | |
| $1.16B | 33.02M | |
| $1.14B | 12.47M | |
| $1.13B | 28.91M | |
| $1.13B | 37.98M | |
| $1.12B | 11.8M | |
| $1.11B | 38.42M | |
| $1.09B | 5.12M | |
| $1.08B | 9.11M | |
| $1.08B | 18.27M | |
| $1.06B | 10.45M | |
| $1.05B | 44.35M | |
| $1.04B | 4.95M | |
| $1.04B | 8.6M | |
| $1.04B | 23.03M | |
| $1.03B | 4.39M | |
| $1.01B | 4.16M | |
| $1B | 15.43M | |
| $996.16M | 7.58M | |
| $983.02M | 3.61M | |
| $921.26M | 3.26M | |
| $899.93M | 14.52M | |
| $895.64M | 35.7M |
Holdings list only includes long positions.
Only includes long positions.
Calendar
30 Jan 20
2 Apr 20
30 Sep 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 1.41B | 1.45B | 1.48B | 1.43B | |
| Net income | 350.5M | 306.4M | 245.9M | 367.5M | |
| Diluted EPS | 0.7 | 0.61 | 0.48 | 0.72 | |
| Net profit margin | 24.81% | 21.09% | 16.65% | 25.63% | |
| Operating income | 392.7M | 391.5M | 374.9M | 379.5M | |
| Net change in cash | 18.7M | 200M | -188.4M | -712.9M | |
| Cash on hand | 5.98B | 5.96B | 5.76B | 5.95B |
| Annual (USD) | Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
|---|---|---|---|---|---|
| Revenue | 5.77B | 6.32B | 6.39B | 6.62B | |
| Net income | 1.2B | 764.4M | 1.7B | 1.73B | |
| Diluted EPS | 2.35 | 1.39 | 3.01 | 2.94 | |
| Net profit margin | 20.71% | 12.10% | 26.54% | 26.09% | |
| Operating income | 1.56B | 2.12B | 2.26B | 2.37B | |
| Net change in cash | -953M | -1.84B | 266.4M | 115.2M | |
| Cash on hand | 5.96B | 6.91B | 8.75B | 8.48B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 2 Mar 20 | Craig Steven Tyle | Common Stock, par value $.10 | Sell | Dispose S | 21.95 | 5,000 | 109.75K | 104,403.042 |
| 15 Feb 20 | Peter K Barker | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Aquire A | 26.05 | 191.939 | 5K | 26,659.71 |
| 15 Feb 20 | Mark C Pigott | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Aquire A | 26.05 | 191.939 | 5K | 63,322.331 |
| 15 Feb 20 | Laura Stein | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Aquire A | 26.05 | 95.969 | 2.5K | 31,025.468 |
| 15 Feb 20 | Geoffrey Y Yang | Deferred Director's Fees (FRI) Common Stock, par value $.10 | Grant | Aquire A | 26.05 | 191.939 | 5K | 28,351.505 |
Institutional ownership Q4 2019
48.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 506 |
| Opened positions | 64 |
| Closed positions | 85 |
| Increased positions | 156 |
| Reduced positions | 204 |
13F shares |
Current |
|---|---|
| Total value | 65.98B |
| Total shares | 241.7M |
| Total puts | 1.14M |
| Total calls | 627.68K |
| Total put/call ratio | 1.8 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 36.13M | $938.65M |
| STT State Street | 24.48M | $642.49M |
| BLK BlackRock | 23.74M | $616.71M |
| N Price T Rowe Associates | 15.82M | $411.03M |
| Abrams Capital Management | 9.72M | $252.47M |
| BAC Bank of America | 5.72M | $148.56M |
| Kiltearn Partners | 5.31M | $137.89M |
| AMP Ameriprise Financial | 5.22M | $135.56M |
| BK Bank Of New York Mellon | 4.64M | $120.44M |
| Geode Capital Management | 4.34M | $112.54M |
Financial report summary
?Management Discussion
- Operating income decreased $18.8 million for the three months ended December 31, 2019, as compared to the same period in the prior fiscal year, due to a 2% increase in operating expenses. Net income attributable to Franklin Resources, Inc. increased $74.6 million for the three months ended December 31, 2019 primarily due to investment and other income, net, as compared to net losses in the prior year, less the portion attributable to noncontrolling interests, partially offset by the decrease in operating income.
- Diluted earnings per share increased for the three months ended December 31, 2019, consistent with the increase in net income and the impact of a 3% decrease in diluted average common shares outstanding primarily resulting from repurchases of shares of our common stock during the twelve-month period ended December 31, 2019.
Content analysis
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| Negative | ||
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
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Removed:
abandoned, accrued, acting, adjustment, administered, agent, aggregated, AIFMD, al, allegedly, altered, amendment, anticipated, approval, assessment, Authority, automatic, avoid, blended, CFTC, challenge, claim, classified, collateral, Collective, Committee, core, Corrupt, Council, court, criteria, Cryer, cumulative, de, deferral, delegated, Department, designate, designation, detailed, determinable, Development, disciplinary, disgorgement, District, DOJ, DOL, du, eligible, enactment, European, exceed, excessive, Fernandez, Financier, fraud, highest, Hong, incident, insignificant, interrupt, investee, Japanese, Justice, Kingdom, Kong, Labor, length, line, Luxembourg, macro, managed, marketed, matching, matter, mitigated, National, Northern, participant, performed, performing, pledged, pre, principle, promised, protracted, provincial, provisional, qualitative, redeemed, reimbursed, repatriation, rescission, Reserve, resolve, restatement, retained, Retirement, reversed, Secteur, SIFI, Singapore, skilled, sponsor, strongly, subjecting, Surveillance, taxation, Transferable, Treasury, treating, treatment, unamortized, unclaimed, undistributed, Union, USA, voluntary, Wall, York
Financial reports
10-Q
2020 Q1
Quarterly report
30 Jan 20
10-K
2019 FY
Annual report
12 Nov 19
10-Q
2019 Q3
Quarterly report
30 Jul 19
10-Q
2019 Q2
Quarterly report
26 Apr 19
10-Q
2019 Q1
Quarterly report
30 Jan 19
10-K
2018 FY
Annual report
9 Nov 18
10-Q
2018 Q3
Quarterly report
27 Jul 18
10-Q
2018 Q2
Quarterly report
26 Apr 18
10-Q
2018 Q1
Quarterly report
30 Jan 18
10-K
2017 FY
Annual report
13 Nov 17
Current reports
8-K
Entry into a Material Definitive Agreement
18 Feb 20
8-K
Franklin Templeton to Acquire Legg Mason, Creating $1.5 Trillion AUM Global Investment Manager
18 Feb 20
8-K
Departure of Directors or Certain Officers
12 Feb 20
8-K
Franklin Resources, Inc. Announces First Quarter Results
30 Jan 20
8-K
Departure of Directors or Certain Officers
11 Dec 19
8-K
Franklin Resources, Inc. Appoints Jennifer M. Johnson as President and CEO
21 Nov 19
8-K
Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results
25 Oct 19
8-K
Franklin Resources, Inc. Announces Third Quarter Results
30 Jul 19
8-K
Departure of Directors or Certain Officers
12 Jun 19
8-K
Franklin Resources, Inc. Announces Second Quarter Results
26 Apr 19
Registration and prospectus
D
$27.84M in equity, sold $27.84M, 1 investor
1 May 18
S-3ASR
Automatic shelf registration
19 Nov 15
424B2
Prospectus for primary offering
26 Mar 15
424B5
Prospectus supplement for primary offering
25 Mar 15
FWP
Free writing prospectus
25 Mar 15
424B2
Prospectus for primary offering
20 Sep 12
FWP
Free writing prospectus
20 Sep 12
FWP
Free writing prospectus
20 Sep 12
424B5
Prospectus supplement for primary offering
19 Sep 12
S-3ASR
Automatic shelf registration
19 Sep 12
Proxies
DFAN14A
Additional proxy materials by non-management
18 Feb 20
DEFA14A
Additional proxy soliciting materials
26 Dec 19
DEF 14A
Definitive proxy
26 Dec 19
PX14A6G
Letter to shareholders
5 Feb 19
DEFA14A
Additional proxy soliciting materials
27 Dec 18
DEF 14A
Definitive proxy
27 Dec 18
PRE 14A
Preliminary proxy
11 Dec 18
DEF 14A
Definitive proxy
3 Jan 18
DEFA14A
Additional proxy soliciting materials
3 Jan 18
PX14A6G
Letter to shareholders
20 Jan 17
Other
UPLOAD
Letter from SEC
13 Mar 18
CORRESP
Correspondence with SEC
12 Mar 18
UPLOAD
Letter from SEC
5 Mar 18
NO ACT
No action letter
26 Oct 17
UPLOAD
Letter from SEC
10 Mar 17
UPLOAD
Letter from SEC
8 Mar 17
CORRESP
Correspondence with SEC
7 Mar 17
NO ACT
No action letter
24 Nov 15
NO ACT
No action letter
1 Dec 14
NO ACT
No action letter
31 Oct 14
Ownership
SC 13G/A
CHESAPEAKE ENERGY / FRANKLIN RESOURCES ownership change
20 Mar 20
13F-HR/A
Quarterly holdings report by institutional manager (amended)
11 Mar 20
4
FRANKLIN RESOURCES / Craig Steven Tyle ownership change
3 Mar 20
4
FRANKLIN RESOURCES / PETER K BARKER ownership change
19 Feb 20
4
FRANKLIN RESOURCES / MARK C PIGOTT ownership change
19 Feb 20
4
FRANKLIN RESOURCES / LAURA STEIN ownership change
19 Feb 20
4
FRANKLIN RESOURCES / GEOFFREY Y YANG ownership change
19 Feb 20
4
FRANKLIN RESOURCES / Anthony Noto ownership change
13 Feb 20
4
FRANKLIN RESOURCES / GEOFFREY Y YANG ownership change
12 Feb 20
4
FRANKLIN RESOURCES / Mariann H Byerwalter ownership change
12 Feb 20