Tuesday, October 31, 2017 10:15 PM ET
Insider Makes Significant Stock Sells in Franklin Resources (BEN) Shares
An insider disposed of 56,825 shares of Franklin Resources having a market value of approximately $2,433,622 today, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trades at Franklin Resources is close to that of the 31 member peer company average. The Investment Management & Fund Operators peer group saw 44 buy/sell trades during this period for an average of 1.4 transactions per company. However, trading at Franklin Resources represents a lower number of shares per transaction. Within the peer group there were 641,205 shares purchased and 16,103,730 shares sold with company insiders disposing of 351,421 shares on average over this time period.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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