secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000038777-23-000143
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 Q4 net income $295.5M ($0.58), adjusted EPS $0.84; AUM $1.374T
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- Revenue $1.986B, up 2% YoY; operating income $338.3M, margin 17.0%.
- Long-term net outflows $6.9B in Q4, improved from $20.4B outflows in prior year quarter.
- Alternative AUM reached $255B (+13% YoY); Alcentra closed, Putnam acquisition on track.
- Repurchased 7.0M shares for $187.6M in Q4; cash & investments $6.9B.
- Adjusted diluted EPS $0.84 vs $0.78 prior year Q4; full-year adjusted EPS $2.60 vs $3.63.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000143/0000038777-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000143/ben-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000143

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