franklin resources inc (BEN:New York)
franklin resources inc (BEN) Snapshot
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Open
$166.93
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Previous Close
$167.85
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Day High
$167.60
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Day Low
$165.07
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52 Week High
05/20/13 - $169.62
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52 Week Low
06/1/12 - $98.62
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Market Cap
35.1B
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Average Volume 10 Days
598.7K
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EPS TTM
$9.54
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Shares Outstanding
212.6M
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EX-Date
03/26/13
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P/E TM
17.3x
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Dividend
$1.16
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Dividend Yield
2.49%
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franklin resources inc (BEN) Details
Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The firm also launches equity, fixed income, and balanced mutual funds. It launches hedge funds and provides retirement plans to its clients through its subsidiaries. The firm invests in the public equity and fixed income markets across the globe through its subsidiaries. Franklin Resources, Inc was founded in 1947 and is based in San Mateo, California with additional offices in Edinburgh, United Kingdom, Fort Lauderdale, Florida, St. Petersburg, Florida, Hong Kong, China, Melbourne, Australia, Sydney, Australia, Nassau, Bahamas, New York City, Paris, France, Rancho Cordova, California, and Toronto, Ontario.
franklin resources inc (BEN) Top Compensated Officers
franklin resources inc (BEN) Key Developments
Franklin Resources Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company announced total operating revenues of $2,013.6 million compared to $1,799.3 million for the same period a year ago. Operating income was $729.4 million compared to $617.1 million for the same period a year ago. Income before taxes was $815.0 million compared to $689.9 million for the same period a year ago. Net income was $593.4 million compared to $487.8 million for the same period a year ago. Net income attributable to the company was $572.8 million or $2.69 per basic and diluted share compared to $503.2 million or $2.32 per diluted share for the same period a year ago. For the six months, the company announced total operating revenues of $3,915.4 million compared to $3,501.2 million for the same period a year ago. Operating income was $1,414.5 million compared to $1,249.5 million for the same period a year ago. Income before taxes was $1,531.1 million compared to $1,384.9 million for the same period a year ago. Net income was $1,098.1 million compared to $981.5 million for the same period a year ago. Net income attributable to the company was $1,088.9 million or $5.11 per diluted share compared to $984.0 million or $4.53 per diluted share for the same period a year ago.
Franklin Templeton Investments announced April 17 that it appointed David Zahn as head of European fixed income, effective April 15, 2013. Based in London, Zahn will lead the company's efforts to add local investment resources in Europe. He will work with a fixed income team that comprises nine employees in London and four employees in San Mateo, Calif. He will retain his current post as senior vice president and portfolio manager, overseeing global aggregate, global government and Euro aggregate fixed income strategies and funds.
Franklin Resources Inc., Q2 2013 Earnings Call, Apr 30, 2013
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| BEN:US | $165.23 USD | -2.62 | |
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Industry Analysis
BEN
Industry Average
| Valuation | BEN | Industry Range |
| Price/Earnings | 17.6x |
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| Price/Sales | 4.7x |
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| Price/Book | 3.8x |
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| Price/Cash Flow | 17.5x |
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| TEV/Sales | 3.4x |
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