secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0000038777-21-000169
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q4 EPS $1.30; acquires Lexington Partners for $1.75B
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- Net income $665.7M, diluted EPS $1.30 (includes $0.30 tax benefit); adjusted EPS $1.26.
- Revenue $2.18B (+28% YoY); FY2021 net income $1.83B (+129%) and adjusted EPS $3.74.
- AUM $1.53T; long-term net outflows $9.9B in Q4.
- Acquired Lexington Partners for $1.75B ($1B at close, $750M over 3 years); expected accretive to adjusted EPS.
- Lexington has $34B fee-based AUM; close expected by end of Q2 fiscal 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877721000169/0000038777-21-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877721000169/ben-20211101.htm
  HTML page:      https://secwatch.observer/filing/0000038777-21-000169

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer