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BEN Franklin Resources

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
CEO
Jennifer M. Johnson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
132670991

BEN stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 1850 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$5.9B 26.52M
$5.06B 1.55M
$3.59B 27.09M
$3.44B 27.11M
$2.6B 14.33M
$2.4B 16.22M
$2.4B 29.39M
$2.34B 14.85M
$2.3B 10.5M
$2.23B 19.06M
$2.22B 10.42M
$2.16B 36.69M
$2.12B 25.05M
$2.01B 5.62M
$1.97B 32.06M
$1.9B 3.45M
$1.89B 13.61M
$1.8B 10.94M
$1.74B 4.03M
$1.68B 40.82M
$1.67B 9.94M
$1.67B 55.03M
$1.58B 30.06M
$1.56B 17.09M
$1.56B 22.89M
$1.56B 20.71M
$1.5B 5.51M
$1.49B 56.89M
$1.45B 18.83M
$1.44B 10.17M
$1.44B 20.09M
$1.4B 5.7M
$1.39B 6.69M
$1.38B 9.34M
$1.37B 5.2M
$1.32B 2.52M
$1.28B 4.69M
$1.26B 22.96M
$1.25B 5.34M
$1.24B 4.73M
$1.2B 3.42M
$1.17B 10.7M
$1.15B 2.29M
$1.1B 625.93K
$1.09B 23.32M
$1.09B 3.85M
$1.08B 28.41M
$1.07B 945.59K
$1.06B 4.78M
$1.06B 6M
Holdings list only includes long positions. Only includes long positions.

Calendar

2 Feb 21
18 Apr 21
30 Sep 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.42B 4.42B 4.42B 4.42B 4.42B 4.42B
Cash burn (monthly) (positive/no burn) 129.73M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 467.91M n/a n/a n/a n/a
Cash remaining n/a 3.95B n/a n/a n/a n/a
Runway (months of cash) n/a 30.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Kim John Y Deferred Director's Fees (FRI) Common Stock, par value $.10 Grant Aquire A No No 30.16 1,027.852 31K 7,038.37
1 Apr 21 Yang Geoffrey Y Deferred Director's Fees (FRI) Common Stock, par value $.10 Grant Aquire A No No 30.16 1,152.188 34.75K 38,384.429
24 Mar 21 Jed A. Plafker Common Stock, par value $.10 Sell Dispose S No No 28.6683 20,782 595.78K 147,218.786
18 Mar 21 Gwen L Shaneyfelt Common Stock, par value $.10 Sell Dispose S No No 30.32 5,000 151.6K 68,749.012
9 Mar 21 Franklin Resources Convertible Notes Common Stock Other Dispose J Yes No 21.33 698,046 14.89M 0
9 Mar 21 Franklin Resources Convertible Notes Common Stock Buy Aquire P Yes No 21.33 1,219,652 26.02M 1,219,652

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

45.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 508 474 +7.2%
Opened positions 91 58 +56.9%
Closed positions 57 59 -3.4%
Increased positions 155 165 -6.1%
Reduced positions 186 165 +12.7%
13F shares
Current Prev Q Change
Total value 5.7B 4.72B +20.8%
Total shares 227.78M 231.5M -1.6%
Total puts 760.8K 866.2K -12.2%
Total calls 565.8K 540.3K +4.7%
Total put/call ratio 1.3 1.6 -16.1%
Largest owners
Shares Value Change
Vanguard 31.49M $786.88M +5.7%
STT State Street 27.4M $692.38M -0.3%
BLK Blackrock 26.77M $668.88M -5.9%
Capital Research Global Investors 7.93M $198.24M NEW
Clarkston Capital Partners 7.47M $186.62M +5.5%
BAC Bank Of America 5.35M $133.76M -11.7%
Geode Capital Management 4.6M $114.67M -0.0%
TROW T. Rowe Price 4.45M $111.32M -10.3%
ProShare Advisors 4.45M $111.16M -3.0%
IVZ Invesco 3.91M $97.59M +18.1%
Largest transactions
Shares Bought/sold Change
Abrams Capital Management 0 -8.2M EXIT
Capital Research Global Investors 7.93M +7.93M NEW
Vanguard 31.49M +1.71M +5.7%
BLK Blackrock 26.77M -1.69M -5.9%
PUKPF Prudential 2.4M -1.58M -39.8%
MS Morgan Stanley 2.34M +1.21M +106.7%
Citadel Advisors 2.24M +1.04M +87.5%
Norges Bank 1.03M +1.03M NEW
Two Sigma Investments 275.34K -1.01M -78.7%
Gillson Capital 0 -980.75K EXIT

Financial report summary

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Risks
  • Our business and operations are subject to adverse effects from the outbreak and spread of contagious diseases such as COVID-19, and we expect such adverse effects to continue.
  • Volatility and disruption of our business and the capital and credit markets and adverse changes in the global economy may significantly affect our results of operations and may put pressure on our financial results.
  • We may not effectively manage risks associated with the replacement of benchmark indices.
  • Harm to our reputation may negatively impact our revenues and income.
  • We face risks, and corresponding potential costs and expenses, associated with conducting operations and growing our business in numerous countries.
  • Our focus on international markets as a source of investments and sales of our products subjects us to increased exchange rate and market-specific political, economic or other risks that may adversely impact our revenues and income generated overseas.
  • We may review and pursue strategic transactions that could pose risks to our business.
  • Failure to properly address the increased transformative pressures affecting the asset management industry could negatively impact our business.
  • Strong competition from numerous and sometimes larger companies with competing offerings and products could limit or reduce sales of our products, potentially resulting in a decline in our market share, revenues and income.
  • Increasing competition and other changes in the third-party distribution and sales channels on which we depend could reduce our income and hinder our growth.
  • Any failure of our third-party providers to fulfill their obligations, or our failure to maintain good relationships with our providers, could adversely impact our business.
  • Any significant limitation, failure or security breach of our information and cyber security infrastructure, software applications, technology or other systems that are critical to our operations could disrupt our business and harm our operations and reputation.
  • We are dependent on the earnings of our subsidiaries.
  • Failure to comply with the laws, rules or regulations in any of the jurisdictions in which we operate could result in substantial harm to our reputation and results of operations.
  • Changes in tax laws or exposure to additional income tax liabilities could have a material impact on our financial condition, results of operations and liquidity.
  • Regulatory and governmental examinations and/or investigations, litigation and the legal risks associated with our business, could adversely impact our AUM, increase costs and negatively impact our profitability and/or our future financial results.
  • Our contractual obligations may subject us to indemnification costs and liability to third parties.
Management Discussion
  • 1Effective with the quarter ended September 30, 2020, the Company changed the presentation of its consolidated statements of income to include dividend and interest income and other expenses from consolidated investment products in non-operating income (expense). Amounts for the comparative prior fiscal periods were reclassified to conform to the current presentation. These reclassifications had no impact on previously reported net income attributable to Franklin Resources, Inc.
  • 2Defined as operating income divided by total operating revenues.
  • 3“Adjusted operating income,” “adjusted operating margin,” “adjusted net income” and “adjusted diluted earnings per share” are based on methodologies other than generally accepted accounting principles. See “Supplemental Non-GAAP Financial Measures” for definitions and reconciliations of these measures.
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