Short interest for Franklin Resources gives investors a sense of the degree to which investors are betting on the decline of Franklin Resources's stock. Short interest data is updated every two weeks.

Franklin Resources Stock (NYSE:BEN), Short Interest Report

Franklin Resources

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

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U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc.

US Stocks Kick Off The Week In The Green, Tesla Rockets On China&#39;s FSD Approval, Yen Rallies: What&#39;s Driving Markets Monday?

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Robinhood To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Monday

Franklin Resources Inc

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Benz Mining Corp

Deutsche Bank analyst Brian Bedell maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Hold and lowers the price target from $29 to $24.

Deutsche Bank Maintains Hold on Franklin Resources, Lowers Price Target to $24

TD Cowen analyst Bill Katz maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Hold and lowers the price target from $29 to $25.5.

TD Cowen Maintains Hold on Franklin Resources, Lowers Price Target to $25.5

In the latest quarter, 4 analysts provided ratings for Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $26.19, a high estimate of $27.00, and a low estimate of $25.00. Experiencing a 4.1% decline, the current average is now lower than the previous average price target of $27.31. 
<img src="https://www.benzinga.com/files/images/story/2024/1714489239_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Franklin Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Motemaden</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$26.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Etienne Ricard</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$27.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$26.75</td>
<td>$26.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Franklin Resources. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Franklin Resources compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Franklin Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Franklin Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BEN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Franklin Resources analyst ratings.</a>
<h2>All You Need to Know About Franklin Resources</h2>
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
<h3>Understanding the Numbers: Franklin Resources's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Franklin Resources's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 1.22%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 12.13%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Franklin Resources's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.02%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Franklin Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.81%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Franklin Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.98.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 4 Analyst Ratings For Franklin Resources

Evercore ISI Group analyst David Motemaden maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Underperform and lowers the price target from $29 to $26.

Evercore ISI Group Maintains Underperform on Franklin Resources, Lowers Price Target to $26

BMO Capital analyst Etienne Ricard maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Market Perform and lowers the price target from $30 to $27.

BMO Capital Maintains Market Perform on Franklin Resources, Lowers Price Target to $27

Creating efficiency at scale across the enterprise
Franklin Templeton is working with Microsoft to build an advanced financial AI platform marking a significant step toward transforming the financial services industry. The platform will use composable business applications to help Franklin Templeton rapidly embed AI in its processes and enable digital transformation at scale. The two firms – leaders in their respective industries – are aligning capabilities to facilitate continuous innovation within financial services.
This new AI platform will be built using Microsoft Azure AI services including Azure OpenAI Service (GPT-4 model), Azure AI Search, and Azure AI Document Intelligence. A first potential benefit will be to improve the productivity of sales and marketing teams and to create more personalized support for their clients.
"The platform will use a multi-layer intelligence approach, where individual AI capabilities can be synchronized to create an advanced level of intelligence for our business," said Deep Srivastav, Head of AI for Franklin Templeton. "As we went through our early work on this, we realized how cutting edge this can be and decided to build this together."
Personalized experiences are key to delivering differentiated value to financial services clients. It is, however, challenging to merge structured data with contextual financial information, which means they are usually kept separate, with many AI initiatives thus focusing on limited capabilities such as summarization and basic conversations. Combining the two in a single, powerful capability is exactly what this collaboration aims to achieve.
"The future of how we work with clients to best meet their desired investment outcomes will require strong technological resources," said Jenny Johnson, President and CEO of Franklin Templeton. "The newly introduced platform we are building with Microsoft marks a pivotal moment in Franklin Templeton's journey, empowering sales and marketing teams to deliver unparalleled service while simplifying information consumption for clients. We are excited to collaborate with Microsoft to bring this innovative solution to the marketplace."
"We're pleased to see the successful co-innovation between Franklin Templeton and Microsoft come to life," said Bill Borden, Corporate Vice President, Worldwide Financial Services for Microsoft. "Bringing together the financial services and technology expertise and shared vision of our teams, Franklin Templeton's financial AI platform ushers in a new realm of capabilities for the industry, helping drive the personalization that today's clients expect."
Franklin Templeton has been on the leading edge of innovation across multiple areas ranging from digital assets and digital wealth to the firm's proprietary <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Ffintech-solutions%2Fgoals-optimization-engine&amp;esheet=53966314&amp;newsitemid=20240430285217&amp;lan=en-US&amp;anchor=Goals+Optimization+Engine+%28GOE%29&amp;index=1&amp;md5=36fb1c51b3149690bf99ae99879b8f01">Goals Optimization Engine (GOE)</a> and Custom Indexing capability offered through <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Ffintech-solutions%2Fcanvas&amp;esheet=53966314&amp;newsitemid=20240430285217&amp;lan=en-US&amp;anchor=Canvas&amp;index=2&amp;md5=29c5914f3504ff2db38400fb0b700e62">Canvas</a>.

Franklin Templeton Collaborates With Microsoft On Personalized Financial AI Platform

U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) on Tuesday and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) on Thursday, a pivotal Federal Reserve Open Market Committee meeting on Wednesday, and the April&#8217;s <a href="https://www.benzinga.com/topic/labor-market">jobs report on Friday.</a>
The S&amp;P 500 rose 0.2% by midday trading in New York, following a 1% surge last Friday. Both the tech-heavy Nasdaq 100 and blue-chip stocks in the Dow Jones made similar gains. 
Small caps, as tracked by iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), outperformed large-cap stocks, rising as much as 0.9%. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) grabbed the market spotlight by securing a significant partnership with Chinese search engine giant Baidu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NYSE">BIDU</a>), which granted the Elon Musk-led company access to its mapping license for data collection <a href="https://www.benzinga.com/news/24/04/38491516/teslas-model-3-and-model-y-clear-chinas-data-security-hurdle-fsd-software-deployment-nears">on China&#8217;s public roads. </a> 
The deal removes a last regulatory barrier for Tesla&#8217;s driver assistance system, known as Full Self-Driving (FSD), to be introduced in China. Shares of Tesla rose as much as 16% Monday. 
The Bank of Japan sent shockwaves through the forex exchange market by intervening to support the value of the Japanese yen, which had plummeted to as low as <a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch">160 per dollar overnight.</a> This action spurred a significant reversal in the USD/JPY exchange rate, plunging to as low as 155 by 1 p.m. ET.
In the commodities market, natural gas prices jumped by nearly 7% on improved demand forecasts, with the U.S. Henry Hub futures surpassing $2 per million British thermal units. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 0.5% lower, on track to notch a six-day losing streak. 
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices &amp; ETFs</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,020.94</td>
<td>0.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,357.10</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,770.47</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,112.21</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.3% to $509.73, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $383.49 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% up to $432.31, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 2.3%, followed by the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), up 1.5%. The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) was the major laggard, down 1%.
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Lithium miners rallied on strong EV momentum, with Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>), Piedmont Lithium Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLLTL#OTC">PLLTL</a>) and Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) up 16%, 10% and 7%, respectively.</li>
<li>AMC International Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell 10.8% on weaker first-quarter preliminary results. </li>
<li>SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) fell 10% as second-quarter revenue guidance missed Street&#8217;s forecasts. </li>
<li>Other stocks reacting to earnings were ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 3.3%, Dominos Pizza Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) up 6%, Revvity Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVTY#NYSE">RVTY</a>) up 3.8%, Franklin Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) down over 6%, </li>
<li>Deciphera Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCPH#NASDAQ">DCPH</a>) saw its shares soar by 73% to $25.36 following the announcement of its acquisition by ONO Pharmaceutical for $25.60 per share in cash.</li>
<li>Soleno Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNO#NASDAQ">SLNO</a>) witnessed a 31.1% surge in its shares to $49.66 after the company revealed it had been granted Breakthrough Therapy Designation from the FDA for DCCR extended-release tablets in the treatment of Prader-Willi Syndrome. </li>
<li>Notable names reporting after the close are F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Qiagen NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) and Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>).</li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38497224/ai-data-centers-drive-electricity-demand-goldman-sachs-picks-16-stocks-to-play-the-">AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend</a>
Photo: Shutterstock

US Stocks Kick Off The Week In The Green, Tesla Rockets On China's FSD Approval, Yen Rallies: What's Driving Markets Monday?

WIIM

Franklin Resources shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Franklin Resources Ending AUM $1.6447T At Mar. 31

Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) reported quarterly earnings of $0.56 per share which missed the analyst consensus estimate of $0.57 by 1.75 percent. The company reported quarterly sales of $2.153 billion which beat the analyst consensus estimate of $1.665 billion by 29.30 percent. This is a 11.71 percent increase over sales of $1.927 billion the same period last year.

Franklin Resources Q2 2024 Adj EPS $0.56 Misses $0.57 Estimate, Sales $2.153B Beat $1.665B Estimate

NYCB

RILY

Shares of companies in the broader financial services sector are trading lower following mixed band earnings.

BANC

EWBC

FFIC

FULT

HBAN

INDB

LBAI

PPBI

SBCF

SFBS

SFNC

WSFS

ZION

Shares of companies in the broader financial sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

Franklin Templeton Canada Announced A New Suite Of Low Cost, Index ETFs That Combine The Complementary Factors Of High Dividends

Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $28.68, along with a high estimate of $32.00 and a low estimate of $24.00. Marking an increase of 10.82%, the current average surpasses the previous average price target of $25.88. 
<img src="https://www.benzinga.com/files/images/story/2024/1710255640_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Franklin Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$26.75</td>
<td>$26.25</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$28.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Etienne Ricard</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$30.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$30.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Finian O'Shea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$30.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$32.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Franklin Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Franklin Resources compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Franklin Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BEN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Franklin Resources analyst ratings.</a>
<h2>Get to Know Franklin Resources Better</h2>
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
<h3>Franklin Resources's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Franklin Resources displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 1.22%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Franklin Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 12.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.02%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Franklin Resources's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.81%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Franklin Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.98.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Franklin Resources In The Eyes Of 7 Experts

Goldman Sachs analyst Alexander Blostein maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Sell and raises the price target from $26.25 to $26.75.

Goldman Sachs Maintains Sell on Franklin Resources, Raises Price Target to $26.75

ACHV

Franklin Resources Reports 12.0% Passive Stake In Achieve Life Sciences Inc As Of February 29, 2024

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) application for a spot Ethereum exchange-traded fund (AMEX:ETF). The first time the SEC delayed its decision on BLK&#39;s spot Ether ETF application was this January, after approving the launch of spot Bitcoin ETFs.
With the current delay, the SEC has launched comment periods for the application in process.
The regulator wants to know whether the arguments that were made in favor of the recently approved spot Bitcoin ETFs (the launch of spot Bitcoin ETFs was approved on Jan 10, 2024) support Ether ETFs as well.
Also, the SEC wants feedback on whether spot Ether ETFs are prone to manipulation. It further wants to know whether spot and futures Ether exchange-traded products are similar.
Now, it is expected that the SEC will come up with a final decision on Ether ETF applications by May 23.
BLK filed for spot Ethereum ETF, named iShares Ethereum Trust, with the SEC in November 2023. Following this, price of Ethereum surged to its highest-level last year before pulling back afterward.
Notably, a spot crypto ETF tracks the market price of the underlying digital asset, giving investors exposure to the token without having to buy it.
In this case, the ETF would track the spot price of Ethereum, meaning that investors would invest in the price of Ethereum itself rather than in a company that is involved in the Ethereum ecosystem.
For years, the SEC warned of the risks of the largely unregulated crypto markets, turning various crypto-based investment applications away and levying fines on alleged crypto scams.
However, after the SEC allowed the trading of spot Bitcoin ETFs, there has been a shift in how cryptocurrencies are viewed and traded by investors.
Last month, Franklin Resources, Inc. BEN became the eighth firm within the crypto industry to file for a spot Ethereum ETF. Including BEN, all the firms that have been competing to introduce spot Ethereum ETFs rolled out spot Bitcoin products in January.
In June 2023, BLK became the first asset manager to file for a spot Bitcoin ETF, paving the way for a wave of filings by other asset managers like Fidelity, Invesco and WisdomTree.
Over the past six months, shares of BLK have gained 19.7% compared with the <a href="https://www.zacks.com/stocks/industry-rank/industry/financial-investment-management-63">industry</a>&#39;s 24.9% growth. 
&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/62366.jpg?v=1241308129" /> 
Image Source: Zacks Investment Research
A better-ranked stock from the same space is Affiliated Managers Group, Inc. AMG. Currently, AMG carries a Zacks Rank #2 (Buy). Over the past 60 days, the Zacks Consensus Estimate for the company&#39;s current-year earnings has been revised 5.7% upward. In the past six months, AMG shares have gained 22.4%.
&nbsp;
&nbsp;
<a href="https://www.zacks.com/stock/news/2236648/decision-on-blackrock-blk-ether-etf-application-delayed-again?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2236648">To read this article on Zacks.com click here.</a>
<a href="https://www.zacks.com/">Zacks Investment Research</a>

ALLY

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FTFT

Hannon Armstrong Sustainable Infrastructure Capital

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SCHW

TROW

VCTR

Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

GEOFFREY YANG, Director at Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>), reported an insider buy on February 7, according to a new SEC filing. 
What Happened: YANG's recent purchase of 7,323 shares of Franklin Resources, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000038777/000112760224003717//Archives/edgar/data/38777/000112760224003717/0001127602-24-003717-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, reflects confidence in the company's potential. The total transaction value is $195,011.
Monitoring the market, Franklin Resources's shares down by 0.0% at $26.72 during Thursday's morning.
<h3>All You Need to Know About Franklin Resources</h3>
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
<h3>Understanding the Numbers: Franklin Resources's Finances</h3>
Revenue Growth: Franklin Resources's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 1.22%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 61.24%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Franklin Resources's EPS reflects a decline, falling below the industry average with a current EPS of 0.5.
</li>
</ul>
Debt Management: Franklin Resources's debt-to-equity ratio is below the industry average at 0.98, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 14.06, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.66, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 10.56, Franklin Resources presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000038777">Check Out The Full List Of Franklin Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Franklin Resources Insider Trades SendAa Signal

It was revealed in a recent SEC filing that John Thiel, Board Member at Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) made a noteworthy insider purchase on February 7,.
What Happened: Thiel demonstrated confidence in Franklin Resources by purchasing 7,323 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000038777/000112760224003720//Archives/edgar/data/38777/000112760224003720/0001127602-24-003720-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the transaction is $195,011.
Tracking the Thursday's morning session, Franklin Resources shares are trading at $26.72, showing a down of 0.0%.
<h3>Get to Know Franklin Resources Better</h3>
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
<h3>Key Indicators: Franklin Resources's Financial Health</h3>
Revenue Growth: Franklin Resources's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 1.22%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 61.24%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Franklin Resources's EPS reflects a decline, falling below the industry average with a current EPS of 0.5.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.98.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 14.06 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.66 is lower than the industry average, implying a discounted valuation for Franklin Resources's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Franklin Resources's EV/EBITDA ratio at 10.56 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Important Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000038777">Check Out The Full List Of Franklin Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Move: John Thiel Invests $195K In Franklin Resources Stock

Banking giants amongst least shorted financial stocks ahead of Q1 earnings

Dividend yield and growth stock list by Goldman

Franklin Resources fiscal Q2 earnings miss, revenue beats, expenses climb

Franklin Resources GAAP EPS of $0.56 beats by $0.09, revenue of $2.15B beats by $90M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Franklin Resources (NYSE:<a href="https://investorplace.com/stock-quotes/ben-stock-quote/">BEN</a>) just reported results for the second quarter of 2024.<ul><li>Franklin Resources reported earnings per share of 56 cents. This was below the analyst estimate for EPS of 57 cents.</li><li>The company reported revenue of $2.15 billion.</li><li>This was 29.70% better than the analyst estimate for revenue of $1.66 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/ben-stock-earnings-franklin-resources-for-q2-of-2024/">BEN Stock Earnings: Franklin Resources Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BEN Stock Earnings: Franklin Resources Misses EPS, Beats Revenue for Q2 2024

My Best Dividend Aristocrats For May 2024

Franklin Resources, Inc. (BEN) Q1 2024 Earnings Call Transcript

Goldman Sachs analyst Alexander Blostein has maintained their bearish stance on BEN stock, giving a Sell rating on April 17. Alexander Blostein has...

Downgrade to Sell: Challenges Ahead for Franklin Resources Inc. with Fee Compression and Negative Asset Mix

KBW analyst Michael Brown assigned a Sell rating to Franklin Resources (BEN – Research Report) yesterday and set a price target of $25.00. The comp...

KBW Gives a Sell Rating to Franklin Resources (BEN)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Few investment strategies have performed as well for as long as dividend investing. Numerous studies show that buying stocks that have initiated a dividend and then increased it over time beat all other stocks on the market. That&rsquo;s why Dividend Aristocrat stocks are the cream of the crop.



To <a href="https://investorplace.com/2024/04/7-stocks-to-buy-on-the-brink-of-becoming-dividend-royalty/">become dividend ro</a><a href="https://investorplace.com/2024/04/7-stocks-to-buy-on-the-brink-of-becoming-dividend-royalty/https://investorplace.com/2024/04/7-stocks-to-buy-on-the-brink-of-becoming-dividend-royalty/">yalty</a>, companies need to be members of the S&amp;P 500 and to have hiked their payout for 25 consecutive years or more. It would seem a relatively simple task but the rarity of it shows why these stocks are the elite. Of the thousands of stocks on the market, only 67 companies have passed the test.



While the list is always evolving as even some Dividend Aristocrat stocks have <a href="https://investorplace.com/2024/04/dividend-danger-zone-3-aristocrats-on-the-brink-of-a-payout-cut/">trouble maintaining the pace</a>, these companies tend to be profitable, successful businesses that have proven their worth over many business and economic cycles. They have been through war and famine, recessions and depressions, and continue to reward their shareholders by sharing their success.



The following seven Dividend Aristocrat stocks pay some of the highest yields, too. That&rsquo;s not always a good thing, as it could indicate issues. But let&rsquo;s take a closer look at these royals and see if they are worth an investment.



<h2>Kenvue (KVUE)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/kenvue-kvue-stock-1600-300x169.jpg" alt="Kenvue (KVUE) logo displayed on smartphone with company website in background"><div>Source: shutterstock.com/T. Schneider</div></div>One of the newest members of the club, Kenvue (NYSE:<a href="https://investorplace.com/stock-quotes/kvue-stock-quote/">KVUE</a>) inherited its Dividend Aristocrat membership card from its former parent, Johnson &amp; Johnson (NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/">JNJ</a>). The pharmaceutical stock spun off its slower-growing consumer products business so that it could more narrowly focus on its healthcare operations. The separation allows the market to better value the consumer products business on its own merits.



So far, that valuation <a href="https://investorplace.com/2024/04/3-dividend-kings-down-11-youll-regret-not-buying-on-the-dip/">hasn&rsquo;t been all that attractive</a>. Kenvue stock is down 12% in 2024 and 30% from when it began trading independently last year. The company is the world&rsquo;s largest pure-play consumer health products company with name brands such as Band-Aid, Listerine and Tylenol in its stable. It generates some $15 billion in annual sales.



Kenvue stock is down as it saw sales fall in the fourth quarter after discontinuing less popular product lines, seeing customers reduce inventories and experiencing softer-than-expected results from its skin health and beauty division. That <a href="https://investorplace.com/2024/04/kenvue-layoffs-2024-what-to-know-about-the-latest-neutrogena-job-cuts/">led to layoffs</a> in the Neutrogena business.



With product rationalization behind it and an ability to pass on costs to consumers in an inflationary environment, Kenvue remains well-positioned to grow. Its quarterly dividend of 20 cents per share yields 4.2% annually.



<h2>Federal Realty Investment Trust (FRT)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/reit1600b-300x169.jpg" alt="Image of a man holding a key chain with a key and house attached to the key ring over a office desk in the background"><div>Source: Shutterstock</div></div>Federal Realty Investment Trust (NYSE:<a href="https://investorplace.com/stock-quotes/frt-stock-quote/">FRT</a>) is one of the oldest real estate investment trusts (REIT) in the U.S. It also has the longest track record of any REIT for dividend increases. Federal Realty has increased its payout for 56 consecutive years and the dividend yields 4.3% annually.



Shares of the REIT are essentially flat in 2024 though they are up 20% from their 52-week low. Because Federal Realty Trust focuses on retail properties, typically along both coasts, it is sensitive to interest rate increases. Inflation&rsquo;s <a href="https://investorplace.com/2024/04/inflation-is-not-going-away-2-stocks-that-will-thrive-1-that-will-dive/">refusal to go away</a> may now cause the Federal Reserve to delay cutting rates, which would continue serving as a drag on the REIT&rsquo;s performance. Still, many of its properties are in defensive industries like grocery stores and pharmacies that ought to mitigate the worst impact of rising costs.



The other feature of Federal Realty&rsquo;s portfolio is its position in markets with high barriers to entry, such as New York, Boston and San Francisco. But they also exhibit high demand. Because only 10% of its residential properties have tenants whose demographics have customers under $75,000 in annual income, FRT can absorb a recession without negatively impacting its business. This REIT should weather any storm.



<h2>T. Rowe Price (TROW)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/trow-stock-1-300x169.jpg" alt="T row price (TROW) logo magnified through a lens while displayed on a web browser"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Global money management firm T. Rowe Price (NASDAQ:<a href="https://investorplace.com/stock-quotes/trow-stock-quote/">TROW</a>) has been an investor favorite for years as it has a 37-year history of raising its payout, which stands at 4.3% annually.&nbsp;



The stock has fluctuated over time as it suffered from cash outflows from its funds. However, assets under management (AUM) grew to $1.5 trillion in the latest quarter and net outflows of $8 billion during the period were <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1113169/000111316924000011/trow-20240426.htm">about half of what they were</a> last year. With fewer redemptions and higher sales, business is improving significantly for T. Rowe Price.



Over the past decade, the financial stock has increased its dividend at a healthy 10.9% compounded annual growth rate (CAGR), which explains its popularity. While the shaky economy had many investors worried it would continue to see net outflows of funds, confidence has returned and T. Rowe Price&rsquo;s dividend is certainly secure.&nbsp;



<h2>Franklin Resources (BEN)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ben-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for Franklin Resources (BEN)."><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Another financial stock, Franklin Resources (NYSE:<a href="https://investorplace.com/stock-quotes/ben-stock-quote/">BEN</a>) is also <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/38777/000003877724000005/ben-20240129.htm">seeing increases in AUM</a>, with totals hitting $1.45 trillion. Its outflows also declined to $5 billion.&nbsp;



Better known by the Franklin Templeton family of funds it owns, Franklin Resources is subject to many of the same market forces as its peers. Rising markets cause an influx in AUM while declining ones cause assets to fall. That volatility has led the money manager to increasingly pursue private market investments, which are less susceptible to fluctuation.



Over the years Franklin Resources made numerous acquisitions in the space that has sharpened its presence in the private investment field. Among them were Benefit Street Partners, Clarion Partners, and Lexington Partners. The latter tends to buy positions in private equity funds. All three alternative managers, though, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/38777/000003877724000005/ben-20240129.htm">saw robust growth in the first quarter</a> with combined net inflows totaling $3.8 billion. It promises to be an avenue of significant growth that will support Franklin Resources&rsquo; dividend that yields 5%.



<h2>Amcor (AMCR)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/bottle-packaging-amcor-amcr-1600-300x169.jpg" alt="green beer bottles in a factory line, ready to be sealed. represents packaging companie"><div>Source: shutterstock.com/zedspider</div></div>Food and beverage packaging giant Amcor (NYSE:<a href="https://investorplace.com/stock-quotes/amcr-stock-quote/">AMCR</a>) is another victim of government policies affecting inflation and interest rates. Shares are down 7% this year and 16% over the last 12 months as consumer spending was rattled by rising costs and prices. Still, food and beverages are also a defensive industry because we all need to eat and drink.&nbsp;



Yet Amcor was <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1748790/000174879024000004/amcr-20240206.htm">surprised by lower than expected volumes</a> in the most recent quarter as its customers chose to draw down inventories instead of buying more. That could have been on the hope better conditions would materialize, which doesn&rsquo;t appear to be happening now. It likely explains why Amcor started to see business turn up again earlier this year and it expects momentum to continue growing going forward.



Like Kenvue, Amcor had a sort of <a href="https://investorplace.com/2024/04/from-spare-change-to-stock-market-gains-3-stocks-to-buy-with-your-last-10/">backdoor entry</a> into the Dividend Aristocrat club. It acquired Bemis in 2019, which had been an Aristocrat since 2008 (Bemis had paid a dividend every year since 1922). The dividend, though, yields 5.6% annually. It has a 10-year CAGR of increases of just 2.4%, which means that with the ravages of inflation, investors are actually getting less in dividend payments than they were previously.



<h2>Realty Income (O) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/realty1600-300x169.jpg" alt="realty income logo highlighted by a magnifying glass on a web browser"><div>Source: Shutterstock</div></div>Another REIT on the list, Realty Income (NYSE:<a href="https://investorplace.com/stock-quotes/o-stock-quote/">O</a>) is more unique because it pays its dividend monthly. In fact, it calls itself &ldquo;The Monthly Dividend Company.&rdquo; While dozens of REITs now pay dividends monthly, it was among the first to do so. The REIT notes that since its founding in 1969, it has made 646 consecutive monthly dividends. More importantly, it has increased the payout an amazing 124 times since listing on the NYSE in 1994 and has hiked the dividend for 109 straight quarters. Over the past decade, the payout has risen at a 7.7% CAGR. The dividend yields 5.8%.



Realty Income&nbsp;has a portfolio of over 15,450 properties with over 272 million square feet of mostly retail space. Grocery stores are the largest tenants in its properties with Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>), Kroger (NYSE:<a href="https://investorplace.com/stock-quotes/kr-stock-quote/">KR</a>) and Costco (NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>) being the top three. Convenience stores and dollar stores are the next two largest sectors, and all of them provide resistance to recessionary pressures.



<h2>3M (MMM) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/mmm1600g-300x169.jpg" alt="3M logo on top of a corporate building. MMM stock"><div>Source: JPstock / Shutterstock.com</div></div>The highest yielding Dividend Aristocrat stock is industrial conglomerate 3M (NYSE:<a href="https://investorplace.com/stock-quotes/mmm-stock-quote/">MMM</a>) whose payout yields 6.4% annually. It is often pointed to as the royalist <a href="https://investorplace.com/2023/10/get-paid-to-invest-3-dividend-stocks-to-buy-for-income/">most likely to cut</a> its payout next.



Facing billions of dollars in legal liabilities from lawsuits surrounding faulty earplugs for the military as so-called &ldquo;forever chemicals&rdquo; <a href="https://investorplace.com/2023/12/3-of-the-highest-yielding-dogs-of-the-dow-to-buy-for-2024/">polluting drinking water</a>, the dividend stock could see all available cash flows sucked dry by the payments. Almost three-quarters of 3M&rsquo;s free cash flow goes to support the dividend, which it has paid for over 100 years and increased for 64 consecutive years. It just raised it again to $1.51 per share, but because it was by just a penny, it also means investors are receiving less money overall due to inflation.



The industrial conglomerate&rsquo;s performance improved at the end of last year and its stock has bounced nearly 30% off its lows. If it could settle the legal liabilities without gutting its bank account, there may be a chance for a significant turnaround for this Dividend Aristocrat stock.



On the date of publication, Rich Duprey held a LONG position in JNJ, BEN, AMCR, O and MMM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-dividend-aristocrats-paying-sky-high-yields-april-2024/">7 Dividend Aristocrats Paying Sky-High Yields: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Dividend Aristocrats Paying Sky-High Yields: April 2024

ABBV

AMCR

AMGN

AVGO

BKNG

CHRW

CINF

CMCSA

CSCO

EBAY

FAST

FITB

JNPR

KVUE

MCHP

PAYX

QCOM

SPGI

SWKS

TMUS

TRGP

VICI

VTRS

Press Releases

Franklin Resources, Inc. to Announce Second Quarter Results on April 29, 2024

AdvisorEngine and Franklin Templeton Unveil Wealth Management's Next Evolution of Goals-based Planning

Cboe Canada Welcomes Franklin Templeton for Launch of Three Low Volatility High Dividend ETFs

Franklin Templeton Canada Expands its Active Fixed Income Offerings with new ETF Series of its Canadian Government Bond Fund for Canadian Investors

Franklin Resources, Inc. Announces Month-End Assets Under Management

Dividends

Franklin Templeton Canada Announces ETF Cash Distributions

Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund

Franklin Resources, Inc. Announces Second Quarter Results

Franklin Templeton Collaborates with Microsoft on Personalized Financial AI Platform

Fiduciary Trust International Welcomes Edward J. Mooney as Managing Director and Financial Planning Director

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Franklin Resources Stock (NYSE:BEN), Short Interest Report

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