Rep. Thomas H. Kean, Jr. Sells Off Shares of Franklin Resources, Inc. (NYSE:BEN)

Key Points

• Rep. Thomas H. Kean, Jr. sold between $15,001 and $50,000 in shares of Franklin Resources, Inc. on September 3rd, as disclosed in a filing on October 14th.
• Franklin Resources reported a quarterly dividend yield of 5.8%, with a $0.32 dividend paid to investors on October 10th.
• Shares of Franklin Resources were down 3.0% as of the latest trading session, reflecting a current price of $22.10 and a market cap of $11.47 billion.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Franklin Resources, Inc. NYSE: BEN. In a filing disclosed on October 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in Franklin Resources stock on September 3rd. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 9/15/2025.
• Sold $15,001 - $50,000 in shares of Markel Group NYSE: MKL on 9/12/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 9/12/2025.
• Sold $15,001 - $50,000 in shares of Oracle NYSE: ORCL on 9/12/2025.
• Purchased $1,001 - $15,000 in shares of Danaher NYSE: DHR on 9/3/2025.
• Purchased $1,001 - $15,000 in shares of Franco-Nevada NYSE: FNV on 9/3/2025.
• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 8/25/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 8/25/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 8/22/2025.

Franklin Resources Stock Down 3.0%

Shares of Franklin Resources stock opened at $22.10 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.94. The firm has a market cap of $11.47 billion, a P/E ratio of 43.33, a P/E/G ratio of 1.65 and a beta of 1.50. Franklin Resources, Inc. has a fifty-two week low of $16.25 and a fifty-two week high of $26.08. The business has a 50-day moving average price of $24.37 and a 200 day moving average price of $22.64.

Franklin Resources (NYSE:BEN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The closed-end fund reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Franklin Resources had a return on equity of 8.76% and a net margin of 3.73%.The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Franklin Resources's quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Franklin Resources, Inc. will post 2.16 earnings per share for the current fiscal year.

Franklin Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Franklin Resources's payout ratio is currently 250.98%.

Hedge Funds Weigh In On Franklin Resources

Several large investors have recently made changes to their positions in BEN. Manchester Capital Management LLC lifted its holdings in Franklin Resources by 49.9% during the 1st quarter. Manchester Capital Management LLC now owns 1,668 shares of the closed-end fund's stock valued at $32,000 after purchasing an additional 555 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Franklin Resources by 7.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,354 shares of the closed-end fund's stock worth $216,000 after purchasing an additional 671 shares in the last quarter. Whitener Capital Management Inc. raised its position in shares of Franklin Resources by 3.3% in the first quarter. Whitener Capital Management Inc. now owns 21,245 shares of the closed-end fund's stock valued at $409,000 after buying an additional 688 shares in the last quarter. Wright Investors Service Inc. raised its stake in Franklin Resources by 3.5% in the second quarter. Wright Investors Service Inc. now owns 20,968 shares of the closed-end fund's stock valued at $500,000 after purchasing an additional 706 shares in the last quarter. Finally, Gen Wealth Partners Inc raised its position in shares of Franklin Resources by 2.8% in the 1st quarter. Gen Wealth Partners Inc now owns 25,972 shares of the closed-end fund's stock valued at $500,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 47.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BEN. Zacks Research downgraded Franklin Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Wells Fargo & Company raised their target price on Franklin Resources from $21.50 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Bank of America raised their target price on shares of Franklin Resources from $19.00 to $22.00 and gave the stock an "underperform" rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of Franklin Resources from $22.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Franklin Resources in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $24.08.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Franklin Resources

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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