Franklin Resources met analysts' expected earnings estimates for the first quarter, reporting $0.92 per diluted share, or net income of $240.0 million.

Total assets under management increased 11 percent to $402.2 billion from $361.9 billion in the last quarter. Of total AUM, retail assets made up 61 percent of total assets and international and institutional assets made up 39 percent.

Retail assets grew from $224.3 billion at the end of the fourth quarter to $246.5 billion, a jump of 10 percent. International and institutional assets increased 13.2 percent quarter-over-quarter, from $137.6 billion to $155.7 billion.

In terms of asset class, the percentage of total AUM in equity increased from 55 percent last quarter to 57 percent this quarter; fixed-income assets dropped from 27 percent of total AUM to 25 percent; and hybrid account assets increased from 16 percent of total assets to 17 percent of total assets.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE