Franklin Templeton (BEN)
Runs specialist investment strategies across public and private markets for clients worldwide.
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Manages mutual funds, ETFs, separate accounts, private-market strategies, and custom-indexing portfolios for retail and institutional clients worldwide. Most revenue is earned as fees on assets managed across specialist firms, making market levels, client flows, and product mix central to results.
Manages public- and private-market portfolios through specialist investment firms spanning equity, fixed income, alternatives, multi-asset, and cash management. Products include mutual funds and ETFs, institutional and high-net-worth separate accounts, retail managed accounts, sub-advised mandates, and Canvas custom-indexing portfolios.
Combines distinct managers such as Templeton, Putnam, ClearBridge, Western Asset, Lexington Partners, and Benefit Street Partners with shared distribution and servicing. Funds and accounts reach retail, institutional, and high-net-worth clients directly and through financial intermediaries across more than 35 countries.
Operates as a single investment-management and related-services segment. Most revenue comes from fees tied to assets under management, so market levels, client flows, product mix, and investment performance shape results; affiliated managers also operate under extensive financial-services regulation worldwide.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $29 | Target: $34 |
| Aug 3, 2026 | Barclays | Reiterate | Rating: —Target: $34 | Target: $36 |
| Jul 14, 2026 | Barclays | Reiterate | Rating: —Target: $31 | Target: $34 |
| Jul 10, 2026 | Evercore ISI | Reiterate | Rating: —Target: $32 | Target: $35 |
| Jun 26, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $31 | Target: $34 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.76B · Total debt $16.71B · Total assets $36.29B · Shareholders' equity $11.74B
- Revenue
- $2.36B
- Operating income
- $215.8M
- Net income
- $171.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | 54.22% | 275.50M shares | |
|---|---|---|---|
| 690 holders · as of Jun 30, 2026 | |||
| Insiders | 19.65% | 99.82M shares | |
| 14 holders · as of Sep 2, 2026 | |||
| Other | 26.13% | 132.75M shares | |
| remainder | |||
508.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Charles B. JohnsonInsider10 percent owner | 17.74% | 90.11M | filed Dec 29, 2025 |
BlackRock, Inc.Institution | 5.69% | 28.91M | as of Jun 30, 2026 |
Power Corp of CanadaInstitution | 4.99% | 25.34M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.96% | 20.14M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.88% | 19.73M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 20, 2025 | Charles B. Johnson | 10 percent owner | +50,000 | $21.20 |
| Nov 18, 2025 | Charles B. Johnson | 10 percent owner | +50,000 | $21.49 |
- BlackRock
Broad overlap in ETFs, active funds, SMAs, cash and alternatives
- T. Rowe Price
Active public markets, retirement, multi-asset and alternatives overlap
- Invesco
ETF, QQQ, active, fixed-income, liquidity and private-market overlap
- State Street
SPDR ETFs, index mandates, liquidity and institutional solutions overlap
- Blackstone
Alternatives heavyweight across real estate, credit, PE and wealth access
- Apollo Global Management
Private credit, retirement capital and wealth alternatives overlap
- Ameriprise Financial
Columbia Threadneedle and advice platforms overlap in funds, SMAs and wealth
- Morgan Stanley
Parametric, Eaton Vance and MSIM overlap in custom indexing and funds
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Franklin Templeton | $33.40 | −0.71% | $17.48B | 22.4 | 10.8 | 1.9 | −12.0% |
| BlackRock | $1,086.01 | −0.39% | $168.99B | 26.1 | 18.2 | 6.2 | +30.6% |
| T. Rowe Price | $104.64 | +0.00% | $22.42B | 10.5 | 10.2 | 3.0 | +10.7% |
| Invesco | $31.29 | −0.30% | $13.91B | — | 10.3 | 2.0 | +20.3% |
| State Street | $182.79 | −0.87% | $51.04B | 16.3 | 12.7 | 2.2 | −30.2% |
| Blackstone | $126.67 | +0.21% | $152.70B | 28.1 | 19.7 | 9.5 | +2.4% |
| Apollo Global Management | $127.53 | −0.30% | $73.67B | 28.6 | 13.0 | 2.0 | +63.7% |
| Ameriprise Financial | $527.24 | −1.58% | $48.16B | 12.9 | 10.8 | 2.4 | +14.6% |
| Morgan Stanley | $204.73 | −0.67% | $325.12B | 16.8 | 15.5 | 2.6 | +36.8% |
| Median | 16.8 | 12.8 | 2.5 | +17.5% |