BEN - Franklin Resources Insider Trades SendAa Signal | Benzinga
GEOFFREY YANG, Director at Franklin Resources (NYSE:BEN), reported an insider buy on February 7, according to a new SEC filing.
What Happened: YANG's recent purchase of 7,323 shares of Franklin Resources, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, reflects confidence in the company's potential. The total transaction value is $195,011.
Monitoring the market, Franklin Resources's shares down by 0.0% at $26.72 during Thursday's morning.
All You Need to Know About 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.
Understanding the Numbers: Franklin Resources's Finances
Revenue Growth: Franklin Resources's remarkable performance in 3 months is evident. As of 31 ...