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| Press Release

Free Research Report as Franklin Resources’ Revenue Grew 4% and EPS Surged 38%

Stock Monitor: Artisan Partners Asset Management Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 09, 2018 / has just released a free earnings report on Franklin Resources, Inc. (NYSE: BEN). If you want access to this report all you need to do is sign up now by clicking the following link The Company reported its first quarter fiscal 2018 operating and financial results on January 30, 2018. The investment manager's earnings topped market expectations, while its revenues were in-line with estimates. Register today and get access to over 1000 Free Research Reports by joining our site below: is currently working on the research report for Artisan Partners Asset Management Inc. (NYSE: APAM), which also belongs to the Financial sector as the Company Franklin Resources. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Franklin Resources most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

Earnings Highlights and Summary

For the three months ended December 31, 2017, Franklin Resources reported operating revenues of $1.62 billion, reflecting a growth of 4% compared to $1.56 billion in Q1 FY17. The Company's revenue numbers met analysts' expectations of $1.62 billion.

During Q1 FY18, Franklin Resources reported an operating income of $581.1 million, with an operating margin of 36.0%, compared to $586.9 million, or 37.3%, in Q1 FY17.

Franklin Resources announced a net loss of $583.3 million, or $1.06 loss per diluted share, for Q1 FY18, which included an estimated income tax charge of $1.1 billion, or $1.94 per diluted share, resulting from the enactment of the Tax Cuts and Jobs Act of 2017 (TCJA). The estimated charge relates to a transition tax on the deemed repatriation of foreign subsidiaries' earnings, net of the tax benefit from the revaluation of net deferred tax liabilities at the lower corporate tax rate. The Company had reported a net income of $440.2 million, or $0.77 per diluted share, for Q1 FY17. Franklin Resources' earnings, adjusted for pre-tax expenses, totaled $0.88 per share, beating Wall Street's estimates of $0.75 per share.

Assets under Management

Franklin Resources' total assets under management (AUM) were $753.8 billion at December 31, 2017, up $0.6 billion on a q-o-q basis, due to $2.9 billion of net market change and other, offset by $2.3 billion of net outflows; and up 5% compared to AUM of $720.0 billion as on December 31, 2016.

Franklin Resources' average AUM were $752.7 billion at December 31, 2017, compared to $749.0 billion as on September 30, 2017, and $722.7 billion as on December 31, 2016.

Franklin Resources' total equity AUM were $321.4 billion as of December 31, 2017, compared to $298.3 million as on December 31, 2016. The Company's multi-asset/balanced AUM were $142.7 million as on December 31, 2017, versus $138.3 million as on December 31, 2016. Franklin Resources' total fixed income AUM were $283.1 million as on December 31, 2017, compared to $277.2 million as on December 31, 2016.

Cash Matters

Franklin Resources' cash and cash equivalents and investments were $10.1 billion at December 31, 2017, compared to $9.9 billion at September 30, 2017. The Company's total stockholders' equity was $12.1 billion at December 31, 2017, compared to $12.9 billion at September 30, 2017. During Q1 FY18, Franklin Resources repurchased 4.6 million shares of its common stock for a total cost of $200.0 million.

Stock Performance Snapshot

February 08, 2018 - At Thursday's closing bell, Franklin Resources' stock declined 3.65%, ending the trading session at $38.00.

Volume traded for the day: 4.72 million shares, which was above the 3-month average volume of 2.68 million shares.

After yesterday's close, Franklin Resources' market cap was at $21.62 billion.

Price to Earnings (P/E) ratio was at 32.26.

The stock has a dividend yield of 2.42%.

The stock is part of the Financial sector, categorized under the Asset Management industry.


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