Franklin Resources SHORT
Short from $34.03
Market Cap - 18.91B
Beta - 1.61
P/B - 1.63
P/E - 27.98
Employees - 9,448
AUM - 737.5B
- Shares of Franklin Resources have underperformed the industry over the past six months.
- Headquartered in San Mateo (CA) Franklin Resources is a global investment management company and most of its net income and revenue comes from investment advisory, retail mutual funds and institutional and private accounts. They also do fund administration and are a custodial. In September 2014 Franklin Resources de-registered as a bank holding company with the Governors of the Federal Reserve.
- 68% of Franklin Resources revenues over the past few years have been made from investment management fees. They are at a huge risk with their fees due to AUM - despite their diversity their assets under management are massively exposed to fluctuations in the markets and FX. They are also affected by regulatory changes. Changes in assets under management could hurt BEN's revenues and then affect their profits. In 2016 and 2017, fee revenues declined because of reduced assets under management and a lower effective fee rate.
- The market currently being so overstretched means clients are more likely to start taking positions out of the market, the asset management business is massively under secular and cyclical pressure along with its ongoing margin issues (mainly aggravated by 2008). The main pressures are from recent volatility and new regulatory requirements.
- Due to operating in 30 countries or so Franklin Resources are prone to regulatory requirements from both U.S. and non-U.S. regulators which will definitely be affect their profit margins.
- The shares have declined massively over the past 6 months and will continue to fall despite beating recent earnings. Regardless of this beat, earnings estimates are being revised downwards.
NeroTree Capital rates Franklin Resources as a SELL with a price target of $28.75 over the next 52w.
Market Cap - 18.91B
Beta - 1.61
P/B - 1.63
P/E - 27.98
Employees - 9,448
AUM - 737.5B
- Shares of Franklin Resources have underperformed the industry over the past six months.
- Headquartered in San Mateo (CA) Franklin Resources is a global investment management company and most of its net income and revenue comes from investment advisory, retail mutual funds and institutional and private accounts. They also do fund administration and are a custodial. In September 2014 Franklin Resources de-registered as a bank holding company with the Governors of the Federal Reserve.
- 68% of Franklin Resources revenues over the past few years have been made from investment management fees. They are at a huge risk with their fees due to AUM - despite their diversity their assets under management are massively exposed to fluctuations in the markets and FX. They are also affected by regulatory changes. Changes in assets under management could hurt BEN's revenues and then affect their profits. In 2016 and 2017, fee revenues declined because of reduced assets under management and a lower effective fee rate.
- The market currently being so overstretched means clients are more likely to start taking positions out of the market, the asset management business is massively under secular and cyclical pressure along with its ongoing margin issues (mainly aggravated by 2008). The main pressures are from recent volatility and new regulatory requirements.
- Due to operating in 30 countries or so Franklin Resources are prone to regulatory requirements from both U.S. and non-U.S. regulators which will definitely be affect their profit margins.
- The shares have declined massively over the past 6 months and will continue to fall despite beating recent earnings. Regardless of this beat, earnings estimates are being revised downwards.
NeroTree Capital rates Franklin Resources as a SELL with a price target of $28.75 over the next 52w.
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