secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000038777-22-000171
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 Q4 net income $232.7M ($0.46 EPS), down 65% YoY; AUM falls 15%
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- Net income attributable to Franklin Resources $232.7M ($0.46 diluted) vs $665.7M ($1.30) prior-year Q4.
- Adjusted diluted EPS $0.78 vs $1.26 prior year; adjusted net income $394.4M vs $644.6M.
- AUM $1,297.4B at Sept 30, 2022, down 15% YoY; long-term net outflows $20.4B in the quarter.
- Acquisitions of Lexington Partners and Alcentra closed; pro forma alternative AUM totals $260B.
- Repurchased 1.0M shares for $27.3M in Q4; cash and investments $6.8B at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000171/0000038777-22-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000171/ben-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000038777-22-000171

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