Franklin Resources Inc. (NYSE:BEN) stock has touched a 52-week low, dipping to $16.31, signaling a period of bearish momentum for the investment management organization. According to InvestingPro analysis, the stock's RSI indicates oversold territory, while the company maintains a robust 7.68% dividend yield with an impressive 45-year streak of consecutive dividend payments. Over the past year, the company has seen a significant decline in its stock value, with a 1-year change showing a decrease of 36.65%. This downturn reflects investor sentiment and market conditions that have affected the stock's performance, leading to this new low point within the year's trading range. The 52-week low serves as a critical marker for investors, who may be assessing the company's financial health and future prospects in light of recent market trends. InvestingPro analysis suggests the stock is currently undervalued, with strong fundamentals including healthy liquidity ratios and expected net income growth. For deeper insights, investors can access 10+ additional ProTips and a comprehensive Pro Research Report covering BEN's complete financial picture.
In other recent news, Franklin BSP Realty Trust announced a definitive agreement to acquire NewPoint Holdings, a commercial real estate finance firm. The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals. Franklin BSP Realty Trust anticipates that the deal will enhance its earnings per share and increase its book value in 2026. Meanwhile, Franklin Resources reported stable assets under management at $1.58 trillion as of February 28, 2025, despite experiencing long-term net outflows of $10 billion, primarily from its subsidiary, Western Asset Management. In another development, Franklin Templeton launched a new exchange-traded product, the Franklin Crypto Index ETF (EZPZ), aimed at offering exposure to bitcoin and ether. CalSTRS, the second-largest pension fund in the U.S., has decided to withdraw $1 billion from Western Asset Management amid fraud charges against former trader Ken Leech. Additionally, Franklin Resources re-elected its 11-member board of directors and ratified PricewaterhouseCoopers LLP as its independent auditor for the fiscal year ending September 30, 2025.
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