Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Franklin Resources Inc. (NYSE:BEN), a global investment management organization known as Franklin Templeton, has seen its stock price touch a 52-week low, reaching $18.8. The company, which maintains a robust 6.6% dividend yield and has sustained dividend payments for 45 consecutive years according to InvestingPro, shows strong dividend reliability despite market pressures. This latest price level reflects a significant downturn for the company, which has experienced a 1-year change with a decrease of -31.86%. Investors are closely monitoring Franklin Resources as it navigates through challenging market conditions that have impacted the asset management sector, leading to this notable decline in its stock value over the past year. Despite these challenges, InvestingPro analysis indicates the stock is currently undervalued, with a healthy current ratio of 5.36 and expected net income growth this year. For deeper insights into BEN’s valuation and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Franklin BSP Realty Trust has announced its agreement to acquire NewPoint Holdings JV LLC, a commercial real estate finance firm. The acquisition is set to be completed by the third quarter of 2025, pending regulatory approvals. This move is expected to positively impact Franklin BSP Realty Trust’s earnings per share by 2026 and is anticipated to enhance its multifamily lending capabilities. Meanwhile, Franklin Templeton reported stable assets under management (AUM) at $1.58 trillion as of the end of February 2025. The firm experienced $10 billion in net outflows from its subsidiary, Western Asset Management, yet maintained steady overall AUM figures.
Additionally, Franklin Templeton has launched a new exchange-traded product, the Franklin Crypto Index ETF (EZPZ), offering exposure to bitcoin and ether. The ETP is part of Franklin Templeton’s strategy to expand its digital asset offerings. In another development, the California State Teachers’ Retirement System (CalSTRS) announced the withdrawal of $1 billion from Western Asset Management amid fraud charges against a former trader. Lastly, Franklin Resources confirmed the re-election of its board of directors and the ratification of PricewaterhouseCoopers LLP as its auditor, ensuring continuity in governance and financial oversight.
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