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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Franklin Resources's shares outstanding for the quarter that ended in Dec. 2023 was 495 Mil.
Franklin Resources's quarterly shares outstanding declined from Sep. 2023 (496 Mil) to Dec. 2023 (495 Mil). It means Franklin Resources bought back shares from Sep. 2023 to Dec. 2023 .
Franklin Resources's annual shares outstanding declined from Sep. 2022 (500 Mil) to Sep. 2023 (496 Mil). It means Franklin Resources bought back shares from Sep. 2022 to Sep. 2023 .
The historical data trend for Franklin Resources's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Franklin Resources Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 499.30 | 495.12 | 501.81 | 499.58 | 495.94 |
Franklin Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 500.27 | 500.91 | 499.01 | 495.94 | 494.73 |
For the Asset Management subindustry, Franklin Resources's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Franklin Resources's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Franklin Resources's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
Franklin Resources (NYSE:BEN) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Franklin Resources's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Alok Sethi | officer: Reg. S-K Executive Officer | ONE FRANKLING PARKWAY, SAN MATEO CA 94403 |
Mariann H Byerwalter | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403 |
Terrence Murphy | officer: Section 16 Officer | CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Jennifer M Johnson | officer: Senior Vice President | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | officer: Reg. S-K Executive Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Thomas C Merchant | officer: EVP, General Counsel | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Gwen L Shaneyfelt | officer: Chief Accounting Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Karen Matsushima King | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
John Y Kim | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
John W Thiel | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Alexander S Friedman | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Adam Benjamin Spector | officer: EVP, Global Advisory Services | 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Craig Steven Tyle | officer: Exec VP and General Counsel | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Anthony Noto | director | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Johnson Rupert H Jr | director, 10 percent owner, officer: Vice Chairman | C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
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