secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000038777-24-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q2 GAAP EPS $0.23, down 54% QoQ; AUM $1.64T on Putnam deal, net inflows $6.9B
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- GAAP net income $124.2M ($0.23 diluted EPS), vs $251.3M ($0.50) prior quarter and $194.2M ($0.38) year ago.
- Adjusted net income $306.6M ($0.56 adjusted EPS), vs $328.5M ($0.65) prior quarter and $316.7M ($0.61) year ago.
- AUM $1,644.7B, up 13% QoQ; includes $148.3B from Putnam acquisition; long-term net inflows $6.9B (vs -$5.0B prior quarter).
- Fixed income net inflows $8.3B; equity net outflows $5.3B; institutional unfunded pipeline nearly $20B.
- Dividend declared $0.31/share, unchanged from prior quarter; repurchased 0.4M shares for $11.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000068/0000038777-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000068/ben-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000038777-24-000068

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