secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000038777-24-000112
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 net income $174M (-24% YoY), adjusted EPS $0.60 (-5%); AUM $1.65T
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- Net income $174M ($0.32 diluted EPS); adjusted net income $326.4M ($0.60 adjusted EPS).
- Operating revenues $2.12B (+8% YoY); operating margin 10.5% vs 16.0% a year ago.
- Long-term net outflows $3.2B; positive net flows in alternatives and multi-asset; ETFs saw $3B inflows to $27B AUM.
- Dividend declared $0.31/share (+3% YoY); repurchased 4.3M shares for $101.5M.
- Strategic initiatives: AI platform collaboration with Microsoft, minority investment in Envestnet, and investment management platform consolidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000112/0000038777-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000112/ben-20240726.htm
  HTML page:      https://secwatch.observer/filing/0000038777-24-000112

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