BEN - Noteworthy Insider Activity: Mariann Byerwalter Invests $195K In Franklin Resources Stock | Benzinga
A significant insider buy by Mariann Byerwalter, Board Member at Franklin Resources (NYSE:BEN), was executed on February 7, and reported in the recent SEC filing.
What Happened: Byerwalter 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.
Franklin Resources shares are trading down 0.0% at $26.72 at the time of this writing on Thursday morning.
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.
Financial Insights: Franklin Resources
Revenue Growth: Franklin Resources displayed positive results in 3 months. As of 31 December, 2023, ...