| Franklin Resources is a holding company with subsidiaries operating under its Franklin Templeton®. Co. is an investment management organization. Through its investment products, Co. provides investment management and related services to retail, institutional and investors. Co.'s investment products include sponsored funds, as well as institutional and separate accounts, retail separately managed account programs, and sub-advised products. Co.'s funds include registered funds and unregistered funds. Co.'s services include fund administration, sales and distribution, and shareholder servicing. Co. also provides sub-advisory services to certain investment products sponsored by other companies. We show 47 historical shares outstanding datapoints in our BEN shares outstanding history coverage, used to compute BEN market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BEN market cap history over the course of time is important for investors
interested in comparing BEN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BEN versus a peer is one thing; comparing
BEN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BEN can fluctuate over the course of history.
With this page we aim to empower investors researching BEN by allowing them to research the BEN market cap history.