secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000038777-22-000137
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q3 earnings: GAAP EPS $0.50, adjusted EPS $0.82; AUM down 11% YoY to $1.38T
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- Net income $256.4M ($0.50 diluted EPS) vs $438.4M ($0.86) YoY; revenue $2.03B, down 7% YoY.
- Adjusted net income $416.0M ($0.82) vs $493.7M ($0.96) YoY; adjusted operating margin 35.3% vs 36.5%.
- Ending AUM $1,379.8B, down 11% YoY; long-term net outflows $19.8B; $57.2B added from Lexington acquisition.
- Alternative AUM rose to $224.8B (Lexington); announced Alcentra acquisition to double alternative credit AUM.
- Dividend maintained at $0.29/share; repurchased 2M shares for $51M in the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000137/0000038777-22-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000137/ben-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000038777-22-000137

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