Franklin Resources (BEN Quick QuoteBEN - Free Report) has reported preliminary assets under management (AUM) balance of $1494.4 billion for January 2021. This reflects a 0.2% decrease from the $1498 billion recorded as of Dec 31, 2020.

 

The slight contraction in AUM balance mainly reflects market slump and modest long-term net outflows. These were partly offset by cash-management net inflows. 

 

Month-end total equity assets and total fixed income assets came in at $490.2 billion and $665.4 billion, down 1.1% and 0.6%, respectively, from December 2020. Franklin recorded $139.7 billion in hybrid assets, down 0.9% from the prior month. 

 

Alternatives assets aggregated $128.9 billion, up 1.4% from the prior month’s $127.1 billion. Cash-management funds came in at $70.2 billion, up 9.3% from the prior-month figure of $64.2 billion.

 

Franklin is well poised for growth on the company’s robust foothold in the global market and acquisition moves. However, a stringent regulatory environment and the sluggish economic recovery are near-term concerns for the bank.

 

Shares of the company have gained 17.4% in the past six months, underperforming the 26.1% rally of the industry. 

 

 

 

 

Currently, Franklin carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

Cohen & Steers (CNS Quick QuoteCNS - Free Report) reported preliminary AUM of $81.2 billion as of Jan 31, 2020, up 4.2% from the prior-month level. Net inflows of $2.06 billion were partly offset by market depreciation of $0.59 billion and distributions of $207 million.

 

Invesco Ltd. (IVZ Quick QuoteIVZ - Free Report) announced preliminary month-end AUM of $1367.1 billion, up 1.3% from previous month. Positive market returns aided this growth, boosting the AUM by $2 billion.

 

Among others, T. Rowe Price Group, Inc. (TROW Quick QuoteTROW - Free Report) will report AUM figures soon.

 

 

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year. 

 

These 7 were selected because of their superior potential for immediate breakout. 

 

See these time-sensitive tickers now >>Franklin Resources (BEN Quick QuoteBEN - Free Report) has reported preliminary assets under management (AUM) balance of $1494.4 billion for January 2021. This reflects a 0.2% decrease from the $1498 billion recorded as of Dec 31, 2020.

The slight contraction in AUM balance mainly reflects market slump and modest long-term net outflows. These were partly offset by cash-management net inflows. 

Month-end total equity assets and total fixed income assets came in at $490.2 billion and $665.4 billion, down 1.1% and 0.6%, respectively, from December 2020. Franklin recorded $139.7 billion in hybrid assets, down 0.9% from the prior month. 

Alternatives assets aggregated $128.9 billion, up 1.4% from the prior month’s $127.1 billion. Cash-management funds came in at $70.2 billion, up 9.3% from the prior-month figure of $64.2 billion.

Franklin is well poised for growth on the company’s robust foothold in the global market and acquisition moves. However, a stringent regulatory environment and the sluggish economic recovery are near-term concerns for the bank.

Shares of the company have rallied 17.4% in the past six months, underperforming the 25.3% rally of the industry. 

Currently, Franklin carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Management Firms

 

Cohen & Steers (CNS Quick QuoteCNS - Free Report) reported preliminary AUM of $81.2 billion as of Jan 31, 2020, up 4.2% from the prior-month level. Net inflows of $2.06 billion were partly offset by market depreciation of $0.59 billion and distributions of $207 million.

Invesco Ltd. (IVZ Quick QuoteIVZ - Free Report) announced preliminary month-end AUM of $1367.1 billion, up 1.3% from previous month. Positive market returns aided this growth, boosting the AUM by $2 billion.

Among others, T. Rowe Price Group, Inc. (TROW Quick QuoteTROW - Research Report) will report AUM figures soon.

 

Just Released: Zacks’ 7 Best Stocks for Today

 

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year. 

 

These 7 were selected because of their superior potential for immediate breakout. 

 

See these time-sensitive tickers now >>