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BEN Franklin Resources

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience. The company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly.

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 1926 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$6.1B 25.88M
$4.89B 1.58M
$3.31B 27.12M
$3.14B 20.63M
$2.73B 35.46M
$2.66B 12.57M
$2.43B 13.17M
$2.4B 17.72M
$2.38B 22.74M
$2.29B 13.92M
$2.26B 38.83M
$2.21B 18.68M
$2.03B 5.71M
$1.97B 35.28M
$1.92B 30.91M
$1.91B 13.51M
$1.68B 3.35M
$1.65B 42.75M
$1.65B 8.75M
$1.61B 7.4M
$1.58B 20.82M
$1.56B 16.2M
$1.56B 3.86M
$1.5B 5.34M
$1.5B 19.95M
$1.47B 3.94M
$1.46B 19.28M
$1.45B 2.71M
$1.44B 8.5M
$1.44B 9.28M
$1.43B 4.84M
$1.41B 5.04M
$1.41B 18.24M
$1.39B 5.71M
$1.38B 54.87M
$1.38B 5.65M
$1.37B 666.51K
$1.35B 10.15M
$1.34B 6.06M
$1.3B 627.57K
$1.29B 24.45M
$1.28B 4.63M
$1.28B 23.63M
$1.26B 10.54M
$1.23B 19.47M
$1.17B 5.82M
$1.1B 4.91M
$1.09B 21.16M
$1.09B 2.29M
$1.07B 12.62M
Holdings list only includes long positions. Only includes long positions.

Calendar

3 Aug 21
4 Aug 21
30 Sep 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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) 4.36B 4.36B 4.36B 4.36B 4.36B 4.36B
Cash burn (monthly) 1.2M 222.43M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.4M 260.33M n/a n/a n/a n/a
Cash remaining 4.36B 4.1B n/a n/a n/a n/a
Runway (months of cash) 3633.1 18.4 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
30 Jul 21 Adam Benjamin Spector Common Stock, par value $.10 Payment of exercise Dispose F No No 29.55 60,564 1.79M 203,014
1 Jul 21 Kim John Y Deferred Director's Fees (FRI) Common Stock, par value $.10 Grant Aquire A No No 32.26 960.942 31K 8,054.873
1 Jul 21 Yang Geoffrey Y Deferred Director's Fees (FRI) Common Stock, par value $.10 Grant Aquire A No No 32.26 1,077.185 34.75K 39,805.789

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

44.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 535 510 +4.9%
Opened positions 84 93 -9.7%
Closed positions 59 57 +3.5%
Increased positions 159 155 +2.6%
Reduced positions 192 186 +3.2%
13F shares
Current Prev Q Change
Total value 6.65B 5.7B +16.6%
Total shares 224.38M 227.83M -1.5%
Total puts 667K 760.8K -12.3%
Total calls 781.5K 565.8K +38.1%
Total put/call ratio 0.9 1.3 -36.5%
Largest owners
Shares Value Change
Vanguard 31.93M $945.21M +1.4%
BLK Blackrock 27.4M $811.14M +2.4%
STT State Street 27.23M $813.55M -0.6%
Capital Research Global Investors 9.67M $286.21M +21.9%
Clarkston Capital Partners 7.67M $226.93M +2.7%
IVZ Invesco 6.11M $180.86M +56.5%
BAC Bank Of America 5.93M $175.52M +10.8%
Geode Capital Management 4.74M $139.95M +3.1%
Parametric Portfolio Associates 4.5M $133.27M +26.4%
ProShare Advisors 4.34M $128.48M -2.4%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 6.11M +2.2M +56.5%
PUKPF Prudential 363.45K -2.04M -84.9%
Capital Research Global Investors 9.67M +1.74M +21.9%
Citadel Advisors 591.28K -1.65M -73.6%
FMR 1.66M +1.57M +1631.9%
Polaris Capital Management 0 -1.49M EXIT
Norges Bank 0 -1.03M EXIT
Parametric Portfolio Associates 4.5M +941.72K +26.4%
TROW T. Rowe Price 3.55M -908.73K -20.4%
Azora Capital 0 -879.96K 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.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: accelerated, Appellate, carryforward, conclusion, crore, disgorgement, eleven, essentially, flat, format, found, freezing, gain, headcount, INR, interfere, irrevocably, misstatement, partnership, prohibition, SAT, submission, Tribunal, unconditionally
Removed: building, enacted, evidenced, North, parte, rent, serving, stage