Franklin Resources, IncNYSE: BEN
Financials · Asset Management & Custody Banks
$29.91
-0.22%
Vol: 5.5M
Research Digest
Friday, May 1, 2026
Q2 2026 net income $268M; strong $17B long-term inflows; analyst upgrades on alternatives growth
Franklin Resources reported Q2 2026 (ended March 31) net income of $268.2M ($0.49 EPS) up from prior quarter and $151.4M YoY. CEO Johnson highlighted $17B in long-term net inflows across public and private markets, with $14.3B in alternatives including $13.2B in private assets. Goldman Sachs upgraded to Buy from neutral with $34 PT (raised from $30.50); Barclays upgraded from Underweight to Equal Weight at $31. Franklin raised alternatives fundraising target to exceed $30B annually. Adjusted diluted EPS was $0.71. Stock rallied on strong inflows and analyst upgrades.
Previous Market Intelligence
13 daysApr 30Franklin Resources reports Q2 strong net inflows of $16.9B, driven by alternatives momentumPositive▶
Franklin Resources reported fiscal Q2 net income of $0.49 per share and adjusted EPS of $0.71 with strong operating income. Long-term net inflows reached $16.9B with $12.4B flowing to alternatives (private markets record). ETF AUM hit record $61.6B with 18 consecutive quarters of positive flows. The company was appointed trustee of Uzbekistan's National Investment Fund with dual listing planned. Overall strong alternatives-led growth narrative.
Apr 16Franklin Resources faces mixed analyst sentiment ahead of Q2 earnings April 28Mixed▶
Franklin Resources is expanding into cryptocurrency asset management through acquisitions of a CoinFund spinout and 250 Digital for institutional crypto strategies. Q2 2026 earnings scheduled for April 28 with analyst expectations of $0.56 EPS (up 19.2% YoY). The company paid a $0.33 quarterly dividend on April 10. Evercore ISI lowered price target to $27 with Underperform rating. Wall Street consensus is mixed with a Hold rating and average $25.89 price target.
Apr 15Franklin Resources paid $0.33 dividend on April 10 with 5.3% yield; Q2 earnings scheduled for April 28.Positive▶
Franklin Resources delivered quarterly dividend of $0.33 per share on April 10, 2026, reflecting a 5.3% annualized dividend yield at current prices. The asset manager reported strong Q1 2026 results beating estimates with revenue of $2.327 billion and EPS of $0.70. AUM settled at $1.68 trillion as of March 31, 2026. Q2 fiscal year 2026 earnings expected April 28 with analyst consensus of $0.56 EPS.
Apr 14Franklin Resources paid $0.33 dividend; Goldman Sachs initiated Buy rating on April 7.Mixed▶
Franklin Resources delivered quarterly dividend of $0.33 per share on April 10. The company agreed to acquire a crypto asset management business spun out from CoinFund. Goldman Sachs initiated coverage with Buy rating on April 7, though Evercore ISI lowered its price target to $27 with Underperform rating. Q2 2026 earnings scheduled for April 28. AUM rose 1.7% to $1.74 trillion.
Apr 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 10Franklin Resources Q2 earnings scheduled for April 28; stock passes 200-day moving average with consensus Hold rating.Mixed▶
Franklin Resources will announce Q2 2026 results on April 28 at 8:30 a.m. ET. The company reported March AUM of $1.68 trillion, down 3.1% from February. Franklin Crypto acquisition from CoinFund adds institutional digital asset exposure. Stock passed above 200-day moving average on April 9. Consensus analyst view Moderate Sell with $26.67 target.
Apr 9Franklin Resources pivots to crypto with CoinFund acquisition; AUM volatile.Neutral▶
Franklin Resources acquired crypto asset management business spun from CoinFund, creating Franklin Crypto unit for digital asset products. March AUM $1.68T, down from $1.73T in February reflecting negative market impact, offset partially by long-term net inflows. Q2 earnings due April 28. Q1 crypto expansion and target date retirement products signal strategic diversification. Analyst concerns center on market sensitivity and competitive positioning. Company is major asset manager with Franklin Templeton subsidiaries.
Apr 8Franklin Resources reported $1.68 trillion AUM in March with $5 billion in net inflows, announcing acquisition of crypto investment firm 250 Digital.Positive▶
Franklin Templeton reported AUM of $1.68 trillion at March 31, down from $1.73 trillion in February but up from $1.54 trillion year-over-year. Month-over-month decline reflected negative market impacts offset by $5 billion long-term net inflows, $6 billion excluding Western Asset. Announced acquisition of 250 Digital for cryptocurrency strategies. Declared quarterly dividend of $0.33 per share (unchanged from prior quarter, +3.1% YoY). Q2 earnings due April 28. According to 9 analysts, average Hold rating with 12-month target of $25.89, indicating 7.25% upside.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Franklin Resources February AUM $1.74T; dividend April 10.Neutral▶
Franklin Resources reported February AUM $1.74T (up from $1.71T) reflecting positive markets and $10B in long-term net inflows. Announced quarterly dividend $0.33/share payable April 10.
Apr 3Franklin Resources acquires CoinFund crypto business to launch Franklin Crypto unit for institutional investors.Positive▶
Franklin Resources announced the acquisition of a crypto asset management business from CoinFund, establishing Franklin Crypto as a new institutional-focused unit. Franklin Resources reported a 1.7% increase in AUM to $1.74 trillion for February 2026. The company declared a quarterly dividend of $0.33 per share payable April 10.
Apr 2Franklin Resources reports AUM growth to $1.74 trillion in February 2026; Q2 earnings scheduled for April 28.Neutral▶
Franklin Resources reported preliminary month-end AUM of $1.74 trillion at February 28, 2026, reflecting positive market conditions and long-term net inflows of approximately $10 billion. CEO Jenny Johnson and Co-Presidents will lead earnings teleconference on April 28, 2026. Recent strategic initiatives include multi-year partnership with Wand AI for agentic AI deployment and launch of Franklin Crypto. Company raised dividend by 3.1% and expanded share buyback program. Analyst consensus is Hold with price target of $25.89.
Apr 1Franklin Resources reports 1.7% AUM growth to $1.74 trillion in February 2026.Neutral▶
Franklin Templeton reported AUM increased 1.7% to $1.74 trillion in February 2026. Quarterly dividend of $0.33/share declared. Q4 2025 earnings beat consensus at $0.70/share vs $0.55 estimate.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BENFRANKLIN | $29.91 | -0.22% | +28.1% | 10.2x | 1.47 | $15.6B |
| BLKBLACKROCK | $1,064.80 | -0.08% | +11.1% | 17.6x | 1.49 | $165.6B |
| BXBLACKSTONE | $126.71 | +0.90% | +11.9% | 16.6x | 1.74 | $153.5B |
| KKRKKR | $103.93 | -0.39% | +14.6% | 13.7x | 1.93 | $96.6B |
| BKBANK | $133.85 | -0.39% | +8.7% | 14.0x | 1.05 | $92.2B |
| APOAPOLLO | $130.72 | +1.55% | +21.3% | 12.1x | 1.56 | $74.2B |
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