FRANKLIN RESOURCES INC
BEN · Investment Advice · 519.6M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $74M (gross $256M, SBC $183M)
Reference price $11.36 · est. market cap ~$5.9B — last insider sale, 2026-04-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Franklin Resources — large asset manager pressured by outflows and weak margins.
Strengths
- Free cash flow 84th pct
- Interest coverage 6.4x (79th)
- Diversified AUM franchise
Risks
- Net margin 6% (19th) and ROE (24th) weak
- Persistent net outflows
- Fee compression
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
6.9%
Net margin
6.0%
Return on equity
4.3%
Return on assets
1.6%
ROIC
3.3%
Revenue growth (QoQ)
-1.4%
Net-income growth
12.9%
Debt / equity
0.2×
Interest coverage
6.4×
Free cash flow
$912M
EBITDA
$729M
Tangible book value
$1.7B
Stock comp / revenue
2.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-20 | FRANKLIN RESOURCES INC | Sell | 1.7M | $11.36 |
| 2026-04-16 | FRANKLIN RESOURCES INC | Other | 88K | $11.36 |
| 2026-04-16 | FRANKLIN RESOURCES INC | Other | 88K | $11.35 |
| 2026-02-04 | Noto Anthony | Grant | 7.6K | $27.00 |
| 2026-02-03 | Thiel John W | Grant | 7.6K | $27.00 |
| 2026-02-03 | Noto Anthony | Grant | 7.6K | $27.00 |
| 2026-02-03 | Byerwalter Mariann H | Grant | 7.6K | $27.00 |
| 2026-02-03 | YANG GEOFFREY Y | Grant | 7.6K | $27.00 |
| 2026-01-29 | FRANKLIN RESOURCES INC | Buy | 75K | $10.00 |
| 2026-01-14 | FRANKLIN RESOURCES INC | Sell | 1.6M | $11.38 |
| 2026-01-05 | JOHNSON JENNIFER M | Gift | 6.3K | — |
| 2026-01-05 | JOHNSON JENNIFER M | Gift | 3.9K | — |
| 2025-12-26 | JOHNSON JENNIFER M | Gift | 6.4K | — |
| 2025-12-26 | JOHNSON JENNIFER M | Gift | 1.3K | — |
| 2025-12-26 | JOHNSON GREGORY E | Gift | 1.3K | — |
| 2025-12-26 | JOHNSON GREGORY E | Gift | 2.5K | — |
| 2025-12-26 | JOHNSON GREGORY E | Gift | 1.3K | — |
| 2025-12-26 | JOHNSON CHARLES B | Gift | 25K | — |
| 2025-12-17 | JOHNSON CHARLES B | Gift | 3.8K | — |
| 2025-12-04 | FRANKLIN RESOURCES INC | Sell | 1.8M | $11.39 |
| 2025-12-01 | JOHNSON JENNIFER M | Tax withheld | 43K | $22.54 |
| 2025-12-01 | JOHNSON GREGORY E | Tax withheld | 8.5K | $22.54 |
| 2025-12-01 | Nicholls Matthew | Tax withheld | 50K | $22.54 |
| 2025-12-01 | Merchant Thomas C | Tax withheld | 8.1K | $22.54 |
| 2025-11-20 | JOHNSON CHARLES B | Buy | 50K | $21.20 |
| 2025-11-18 | JOHNSON CHARLES B | Buy | 50K | $21.49 |
| 2025-11-04 | Merchant Thomas C | Grant | 23K | $22.59 |
| 2025-11-04 | JOHNSON JENNIFER M | Grant | 307K | $22.59 |
| 2025-11-04 | JOHNSON JENNIFER M | Grant | 108K | — |
| 2025-11-04 | JOHNSON GREGORY E | Grant | 25K | $22.59 |
| 2025-11-04 | JOHNSON GREGORY E | Grant | 17K | — |
| 2025-11-04 | Nicholls Matthew | Grant | 110K | $22.59 |
| 2025-11-04 | Nicholls Matthew | Grant | 91K | — |
| 2025-11-04 | Merchant Thomas C | Grant | 16K | — |
| 2025-11-04 | Murphy Terrence | Grant | 47K | $22.59 |
| 2025-10-15 | FRANKLIN RESOURCES INC | Sell | 1.6M | $11.46 |
| 2025-10-15 | Gamba Daniel | Grant | 443K | $22.79 |
| 2025-10-14 | Oshita Lindsey Harumi | Grant | 7.6K | $22.92 |
| 2025-08-31 | Oshita Lindsey Harumi | Tax withheld | 2.3K | $25.66 |
| 2025-08-31 | Murphy Terrence | Tax withheld | 19K | $25.66 |
| 2025-08-31 | Spector Adam Benjamin | Tax withheld | 29K | $25.66 |
| 2025-08-31 | Merchant Thomas C | Tax withheld | 8.9K | $25.66 |
| 2025-08-31 | Nicholls Matthew | Tax withheld | 64K | $25.66 |
| 2025-08-31 | Sethi Alok | Tax withheld | 8.7K | $25.66 |
| 2025-08-31 | JOHNSON JENNIFER M | Tax withheld | 120K | $25.66 |
| 2025-08-31 | JOHNSON GREGORY E | Tax withheld | 12K | $25.66 |
| 2025-07-15 | FRANKLIN RESOURCES INC | Sell | 1.5M | $11.52 |
| 2025-06-23 | JOHNSON JENNIFER M | Other | 459K | — |
| 2025-06-23 | JOHNSON GREGORY E | Other | 459K | — |
| 2025-06-12 | JOHNSON CHARLES B | Other | 663K | — |
| 2025-05-12 | JOHNSON JENNIFER M | Gift | 1.7K | — |
| 2025-05-06 | JOHNSON JENNIFER M | Gift | 946 | — |
| 2025-05-05 | JOHNSON JENNIFER M | Gift | 24K | — |
| 2025-05-05 | JOHNSON JENNIFER M | Gift | 24K | — |
| 2025-04-17 | FRANKLIN RESOURCES INC | Sell | 864K | $11.58 |
| 2025-04-04 | JOHNSON CHARLES B | Buy | 420 | $17.72 |
| 2025-04-04 | JOHNSON CHARLES B | Sell | 420 | $17.57 |
| 2025-03-04 | JOHNSON CHARLES B | Buy | 100K | $19.57 |
| 2025-02-04 | Noto Anthony | Grant | 9.4K | $20.81 |
| 2025-02-04 | YANG GEOFFREY Y | Grant | 9.4K | $20.81 |
| 2025-02-04 | Thiel John W | Grant | 9.4K | $20.81 |
| 2025-02-04 | Byerwalter Mariann H | Grant | 9.4K | $20.81 |
| 2025-01-08 | FRANKLIN RESOURCES INC | Sell | 9.7K | $47.06 |
| 2025-01-03 | FRANKLIN RESOURCES INC | Sell | 8.8K | $47.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | OtherExhibits | filing ↗ |
| 2026-04-28 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-05 | Exec/director changeShareholder vote | filing ↗ |
| 2026-01-30 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-17 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2025-12-15 | Other | filing ↗ |
| 2025-11-07 | ResultsReg FDExhibits | filing ↗ |
| 2025-09-08 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-04 | 0000038777-26-000171 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0000038777-26-000100 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0000038777-26-000101 ↗ |
| 8-K | 2026-02-05 | 2026-02-03 | 0000038777-26-000051 ↗ |
| 10-Q | 2026-01-30 | 2025-12-31 | 0000038777-26-000033 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0000038777-26-000032 ↗ |
| 8-K | 2025-12-17 | 2025-12-11 | 0000038777-25-000279 ↗ |
| 8-K | 2025-12-15 | 2025-12-13 | 0000038777-25-000273 ↗ |
| 10-K | 2025-11-10 | 2025-09-30 | 0000038777-25-000238 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0000038777-25-000234 ↗ |
| 8-K | 2025-09-08 | 2025-09-08 | 0000038777-25-000189 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0000038777-25-000135 ↗ |