BEN - Board Member At Franklin Resources Buys $195K of Stock | Benzinga
A significant insider buy by Anthony Noto, Board Member at Franklin Resources (NYSE:BEN), was executed on February 7, and reported in the recent SEC filing.
What Happened: Noto demonstrated confidence in Franklin Resources by purchasing 7,323 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction is $195,011.
The latest market snapshot at Thursday morning reveals Franklin Resources shares down by 0.0%, trading at $26.72.
Unveiling the Story Behind Franklin Resources
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
Franklin Resources's Financial Performance
Revenue Growth: Over the 3 months period, Franklin Resources showcased positive performance, achieving a revenue growth rate ...