franklin resources

Franklin Resources, Inc. (NYSE: BEN) reported F4Q10 EPS of $1.65, “much lower than our $1.86 estimate,” J.P. Morgan reports. There were a number of operating, non-operating, recurring and non recurring items the drove EPS below expectations. “Importantly, sales continue to be very strong and...

Invesco (NYSE: IVZ) and Franklin Resources, Inc. (NYSE: BEN) had standout long term inflows in the month of September, while Legg Mason, Inc. (NYSE: LM) and Artio Global Investors, Inc. (NYSE: ART) were relatively weak, Deutsche Bank reports. “Trends for the asset mgrs are mostly favorable given...

FBR Capital Markets has raised the price target on Franklin Resources (NYSE: BEN) from $127 to $130 and reiterates its Outperform rating.

Franklin Resources, Inc. (NYSE: BEN) reported assets under management ("AUM") of $644.9B at 09/30, up from $600.4B at 08/31 and above our estimate of $613.0B. “Not surprisingly, international and fixed income segments continued to drive the strong AUM performance for BEN,” Wells Fargo writes. “...

Ticonderoga has raised the price target on Franklin Resources (NYSE: BEN) from $120 to $135 and reiterates its Buy rating.

Citing strong September returns, J.P. Morgan has revised its estimates for U.S. Asset Managers. “Given that much of the rally took place late in the quarter, the positive market is having a greater impact on forward estimates than on 3Q10E results,” J.P. Morgan writes. “We see the outperformance as...

Franklin Resources, Inc. (NYSE: BEN) reported on 8/31 a total AUM of $600.4B, down 0.4% from the $602.9B reported on 7/31, Jefferies reports. Jefferies writes that the decrease was the result of a decline in equity AUM offset by a modest increase (2.6%) in fixed income. Equities were down 3.2% to...