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Sep 30, 2020
Franklin Resources Q4 2020 Earnings Report
Franklin Resources' Q4 2020 results reflected the acquisition of Legg Mason and positive net flows in U.S. fixed income, while net income decreased compared to the previous quarter and prior year.
Key Takeaways
Franklin Resources reported preliminary net income of $78.9 million, or $0.15 per diluted share, for the quarter ended September 30, 2020. The quarter's results include two months of Legg Mason. Total assets under management (AUM) were $1,418.9 billion, up 128% during the quarter.
Acquisition of Legg Mason was completed, bringing strategically important investment capabilities.
Global distribution team is in place and cross-selling investment products.
U.S. fixed income attracted record net flows of $5.7 billion in the quarter.
Alternatives asset class recorded its fifth consecutive quarter of net inflows, representing 9% of AUM at $124 billion.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Revenue by Segment
Investment Mgmt Fees Revenue
CapyFin.comSales & Distribution Revenue
CapyFin.comShareholder Servicing Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The press release does not contain specific forward guidance. It focuses on the integration of Legg Mason and the firm's strategic positioning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income