Analyst Consensus ?
ConsensusHold27 ratings
Bullish622.2%
Neutral1659.3%
Bearish518.5%
Franklin Resources, Inc. · BEN · FY2025 Q1 · Calendar Q1 2025
Franklin Resources: Growth Initiatives Offset Ongoing Outflows
The supplied analysis offers partial support for a resilient-growth thesis: alternatives, Putnam flows, wealth distribution and cost actions are constructive, but Western Asset outflows, fee pressure and execution risk remain material offsets.
Reported Before market openNYSEFinancial Services
$15.74B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.56
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.70B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+10.4%
Event window
SPY move
-0.5%
Same window
Abnormal move
+10.9%
Stock minus SPY
Volume
6.0×
Versus trailing sessions
Subsequent drift
-10.7%
Up to 20 sessions
BENSPY benchmark
Ask FN2 about BEN FY2025 Q1
Transcript, numbers and history already loaded
What drove BEN's +10.4% move after FY2025 Q1 earnings?What changed in BEN's guidance and outlook in FY2025 Q1?Give me the bull and bear case for BEN after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis emphasized AUM pressure from market-driven outflows, continued Putnam momentum, accelerating alternatives fundraising, and a cost program aimed at $200–$250 million of expense reductions by FY2026. It also highlighted new evergreen alternatives activity and broader platform expansion.
Guidance delta
Maintained in the supplied analysis; the quarter's guidance posture was unchanged.
Key takeaways
- Management highlighted growth in alternatives, wealth-channel distribution, fixed-income demand, and semi-liquid private-market vehicles.
- The Putnam acquisition was described as delivering strong net new flows and exceeding margin expectations.
- The company is pursuing expense reductions while expanding ETFs, Canvas, retirement products, and alternatives.
Management priorities
- Execute the $200–$250 million expense-reduction program targeted for FY2026.
- Scale alternatives fundraising, including evergreen secondary and real-estate vehicles.
- Expand the Canvas and ETF platform and retirement-channel distribution.
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Beat
Miss
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Analyst 52W Price Targets
$30.98Previous close
$19Low
$30.84Average
$45High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 14, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 12, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 12, 2026 |
| Evercore ISI Group | Underperform | Underperform | Maintain | Oct 9, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 25, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 29, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Oct 2, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 11, 2025 |
| UBS | Neutral | Neutral | Maintain | Feb 3, 2025 |
| Keefe, Bruyette & Woods | Underperform | Underperform | Maintain | Feb 3, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 3, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 5, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 2, 2023 |
| Citigroup | Neutral | Buy | Downgrade | Apr 12, 2022 |
| CFRA | Hold | Hold | Maintain | May 1, 2020 |
| Standpoint Research | Buy | Accumulate | Maintain | Dec 23, 2019 |
| Keefe Bruyette & Woods | Underperform | Market Perform | Downgrade | Apr 29, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Jan 11, 2019 |
| Jefferies | Hold | Hold | Maintain | Oct 11, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 3, 2015 |
| PiperJaffray | Neutral | Neutral | Maintain | Jun 3, 2015 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Nov 22, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | May 21, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 9, 2013 |
| Stifel | Buy | Buy | Maintain | May 9, 2013 |
| Sterne Agee | Neutral | Buy | Downgrade | May 2, 2013 |
| Nomura | Neutral | Neutral | Maintain | May 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $30.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Michael Brown | $40 | $31.98 | +29.1% | Oct 7, 2026 |
| Morgan Stanley | Analyst unavailable | $35 | $32.55 | +13.0% | Sep 25, 2026 |
| Deutsche Bank | Analyst unavailable | $34 | $35.39 | +9.7% | Aug 3, 2026 |
| Barclays | Benjamin Budish | $36 | $33.86 | +16.2% | Aug 3, 2026 |
| Barclays | Analyst unavailable | $34 | $32.83 | +9.7% | Jul 14, 2026 |
| Evercore ISI | Analyst unavailable | $35 | $33.84 | +13.0% | Jul 10, 2026 |
| Morgan Stanley | Analyst unavailable | $34 | $32.95 | +9.7% | Jun 26, 2026 |
| Evercore ISI | Analyst unavailable | $32 | $31.5 | +3.3% | Jun 8, 2026 |
| Morgan Stanley | Analyst unavailable | $31 | $30.46 | +0.1% | May 6, 2026 |
| Evercore ISI | Glenn Schorr | $28 | $29.72 | -9.6% | Apr 29, 2026 |
| Goldman Sachs | Analyst unavailable | $34 | $29.46 | +9.7% | Apr 29, 2026 |
| Barclays | Benjamin Budish | $31 | $29.46 | +0.1% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $26 | $26.55 | -16.1% | Apr 17, 2026 |
| Evercore ISI | Analyst unavailable | $27 | $24.94 | -12.8% | Apr 10, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $27.25 | -29.0% | Feb 3, 2026 |
| Barclays | Analyst unavailable | $25 | $25.63 | -19.3% | Jan 15, 2026 |
| Barclays | Benjamin Budish | $22 | $23.46 | -29.0% | Dec 12, 2025 |
| Morgan Stanley | Michael Cyprys | $19 | $20.67 | -38.7% | Oct 18, 2024 |
| Barclays | Benjamin Budish | $20 | $20.74 | -35.4% | Aug 27, 2024 |
| Wells Fargo | Aidan Hall | $23 | $19.78 | -25.8% | Aug 22, 2024 |
| BMO Capital | Etienne Ricard | $26 | $23.08 | -16.1% | Jul 26, 2024 |
| Deutsche Bank | Brian Bedell | $29 | $27.2 | -6.4% | Apr 5, 2024 |
| CFRA | Catherine Seifert | $30 | $27.04 | -3.2% | Mar 14, 2024 |
| Wells Fargo | Analyst unavailable | $26 | $27.1 | -16.1% | Dec 15, 2022 |
| Goldman Sachs | Analyst unavailable | $23 | $26.42 | -25.8% | Nov 23, 2022 |
| Deutsche Bank | Analyst unavailable | $26 | $27.2 | -16.1% | Nov 15, 2022 |
| Morgan Stanley | Analyst unavailable | $20 | $22.22 | -35.4% | Oct 3, 2022 |
| Goldman Sachs | Analyst unavailable | $21 | $21.8 | -32.2% | Oct 3, 2022 |
| Deutsche Bank | Analyst unavailable | $29 | $28.96 | -6.4% | Aug 12, 2022 |
| UBS | Analyst unavailable | $27 | $27.62 | -12.8% | Aug 1, 2022 |
| Morgan Stanley | Analyst unavailable | $21 | $22.73 | -32.2% | Jun 30, 2022 |
| BMO Capital | James Fotheringham | $27 | $23.07 | -12.8% | Jun 14, 2022 |
| Deutsche Bank | Analyst unavailable | $25 | $25.14 | -19.3% | May 19, 2022 |
| KBW | Robert Lee | $45 | $36.98 | +45.3% | Nov 2, 2021 |
| Wells Fargo | Christopher Harris | $30 | $32.47 | -3.2% | May 5, 2021 |
| Barclays | Jeremy Campbell | $28 | $32.47 | -9.6% | May 5, 2021 |
Track every rating change on BEN the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFranklin Resources, Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.
Historical context
All BEN earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| IBN ICICI Bank Limited | FY2027 Q2 · Calendar Q4 2026 | +1.0% | — | ICICI Bank sustains strong growth, but funding weighs on margins |
| HDB HDFC Bank Limited | FY2027 Q2 · Calendar Q4 2026 | -2.0% | — | HDFC Bank: Strong deposits and asset quality, margins under pressure |
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
| RF-PC Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee growth supports a steady Q3 outlook |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-17T00:04:44.363398+00:00
- Polygon adjusted daily market bars · 2026-10-19T09:10:45.099448+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T09:10:45.095983+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.