BEN - 10% Owner Of Franklin Resources Makes $2.23M Buy | Benzinga
It was revealed in a recent SEC filing that Charles B Johnson, 10% Owner at Franklin Resources (NYSE:BEN) made a noteworthy insider purchase on June 20,.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Johnson purchased 100,000 shares of Franklin Resources, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $2,229,000.
The latest update on Thursday morning shows Franklin Resources shares up by 1.83%, trading at $22.81.
Unveiling the Story Behind Franklin Resources
Franklin Resources provides investment services for individual and institutional investors. At the end of April 2024, Franklin had $1.602 trillion in managed assets, composed primarily of equity (35%), fixed-income (35%), multi-asset/balanced (10%) funds, alternatives (16%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (52% of AUM) and institutional accounts (46%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 30% of managed assets sourced from clients domiciled outside the United States.
Franklin Resources: Delving into Financials
Revenue Growth: Franklin Resources's ...