Franklin Resources Shares Hit 52-Week High After Record Growth

Franklin Resources Inc. saw its shares reach a 52-week high of 34.95 USD, marking a year-to-date increase of 45.25% and a total annual return of 48.91%. This growth follows a strong financial performance in the fiscal third quarter, where the company outperformed Wall Street projections.

Adjusted earnings per share reached $0.72, exceeding the projected $0.66. Revenue grew to $2.36 billion, significantly beating the anticipated $1.73 billion. The firm also reported record assets under management totaling $1.8 trillion, a result driven by positive long-term net inflows across all asset classes and global regions.