secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2022-02-01T23:59:59+00:00
Accession:  0000038777-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q1 net income $453M ($0.88 EPS); AUM hits $1.58T on $24.1B long-term net inflows
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- Revenue $2.224B (+11% YoY); operating income $557.7M (+36% YoY); GAAP diluted EPS $0.88 vs $0.67 a year ago.
- Adjusted diluted EPS $1.08 (down from $1.26 prior qtr but up 48% YoY); adjusted operating margin 39.8%.
- Long-term net inflows were $24.1B, reversing prior qtr outflows of $9.9B; alternatives posted 10th consecutive quarter of net inflows.
- Acquired O'Shaughnessy Asset Management; announced acquisition of Lexington Partners; Anne Simpson hired as Global Head of Sustainability.
- Dividend raised to $0.29 per share (from $0.28); repurchased 0.7M shares for $21.7M during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000011/0000038777-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000011/ben-20220201.htm
  HTML page:      https://secwatch.observer/filing/0000038777-22-000011

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