Franklin Resources Sees Significant Insider Buying Activity

Three board members invest $195K each in Franklin Resources stock, signaling confidence in the company's future.

Mariann Byerwalter, John Thiel, and Geoffrey Yang, board members at Franklin Resources, each purchased 7,323 shares on February 7, totaling $195,011 for each transaction.
The insider buying activity comes as Franklin Resources reports a revenue growth rate of 1.22% for the quarter ending December 31, 2023.
Despite the revenue growth, Franklin Resources' earnings per share (EPS) and market capitalization remain below industry averages.
The company's debt-to-equity ratio stands at 0.98, indicating a conservative financial approach with lower dependency on debt financing.
Franklin Resources manages $1.335 trillion in assets, with a diversified portfolio across equity, fixed-income, multi-asset/balanced funds, alternatives, and money market funds.