BEN - Insider Move: John Thiel Invests $195K In Franklin Resources Stock | Benzinga
It was revealed in a recent SEC filing that John Thiel, Board Member at Franklin Resources (NYSE:BEN) made a noteworthy insider purchase on February 7,.
What Happened: Thiel 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.
Tracking the Thursday's morning session, Franklin Resources shares are trading at $26.72, showing a down of 0.0%.
Get to Know Franklin Resources Better
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.
Key Indicators: Franklin Resources's Financial Health
Revenue Growth: Franklin Resources's remarkable performance in ...