Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Friday, Sept. 20, 2013, 98 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $117.60 to $300,598,732.04.
Highlighted Stocks Traded by Insiders:
Franklin Resources (BEN) - FREE Research Report Yun William Young who is EVP-Alternative Strategies at Franklin Resources sold 6,000 shares at $53.08 on Sept. 20, 2013. Following this transaction, the EVP-Alternative Strategies owned 160,451 shares meaning that the stake was reduced by 3.6% with the 6,000 share transaction.
The shares most recently traded at $51.54, down $1.54, or 2.99% since the insider transaction. Historical insider transactions for Franklin Resources go as follows:
- 4-Week # shares sold: 50,000
- 12-Week # shares sold: 50,000
- 24-Week # shares sold: 50,000
The average volume for Franklin Resources has been 2.8 million shares per day over the past 30 days. Franklin Resources has a market cap of $33.3 billion and is part of the financial sector and financial services industry. Shares are up 25.06% year to date as of the close of trading on Friday.
Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The stock currently has a dividend yield of 0.76%. The company has a P/E ratio of 15.7. Currently there are 9 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 6 rate it a hold.
Exclusive Offer: Get the latest Stock Analysis on BEN - FREE TheStreet Quant Ratings rates Franklin Resources as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
Franklin Resources Ratings Report from
TheStreet Quant Ratings now.
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