secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000038777-22-000098
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q2 net income $349.6M ($0.68 EPS) down 8% YoY; long-term outflows $11.7B
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- Adjusted diluted EPS $0.96, up 22% YoY from $0.79; adjusted net income $491.6M.
- Revenue $2.08B flat YoY; operating margin 22.2% vs 22.0% in prior year.
- Long-term net outflows of $11.7B, driven by fixed income (-$7.9B) and equity (-$6.1B).
- Closed Lexington acquisition, increasing alt AUM by 39% to $215B; alternative AUM at quarter end $157.9B.
- Repurchased 2.7M shares for $80.8M; dividend declared $0.29 per share (flat QoQ).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000098/0000038777-22-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000098/ben-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000038777-22-000098

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