secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0000038777-23-000007
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 Q1 net income $165.6M, EPS $0.32 vs $0.88 YoY; AUM $1.39T
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- GAAP diluted EPS $0.32, down 64% YoY; adjusted diluted EPS $0.51, down 53% YoY.
- Operating revenues $1.97B, down 12% YoY; operating margin 9.9% vs 25.1% YoY.
- AUM $1.388T, up 7% QoQ, driven by $48.8B market gains and $34.9B Alcentra acquisition.
- Long-term net outflows $10.9B; cash management net inflows $17.5B generated total net inflows $6.6B.
- Dividend raised to $0.30/share from $0.29; repurchased 0.5M shares for $14.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000007/0000038777-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000007/ben-20230130.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000007

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