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

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Franklin Resources, Inc. (NYSE:BEN). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Franklin Resources stock on April 28th. 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 Amazon.com (NASDAQ:AMZN) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.

Franklin Resources Stock Up 0.8%

BEN stock opened at $22.18 on Friday. Franklin Resources, Inc. has a 52-week low of $16.25 and a 52-week high of $24.55. The company’s 50 day simple moving average is $19.15 and its 200-day simple moving average is $20.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $11.66 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.31 and a beta of 1.39.

Franklin Resources (NYSE:BEN) last released its quarterly earnings results on Friday, May 2nd. The closed-end fund reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Franklin Resources had a net margin of 4.32% and a return on equity of 9.45%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Franklin Resources, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Franklin Resources from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Evercore ISI lowered their price objective on shares of Franklin Resources from $19.00 to $17.00 and set an “underperform” rating on the stock in a research report on Friday, April 11th. UBS Group boosted their price objective on shares of Franklin Resources from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Franklin Resources from $19.00 to $21.00 and gave the company an “underperform” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their price objective on shares of Franklin Resources from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Monday, May 5th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.25.

Institutional Trading of Franklin Resources

Several large investors have recently added to or reduced their stakes in BEN. Wealth Enhancement Advisory Services LLC grew its position in Franklin Resources by 2.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,918 shares of the closed-end fund’s stock worth $683,000 after acquiring an additional 722 shares in the last quarter. Czech National Bank grew its position in Franklin Resources by 6.6% in the fourth quarter. Czech National Bank now owns 67,001 shares of the closed-end fund’s stock worth $1,359,000 after acquiring an additional 4,143 shares in the last quarter. Moody National Bank Trust Division grew its position in Franklin Resources by 12.9% in the fourth quarter. Moody National Bank Trust Division now owns 12,611 shares of the closed-end fund’s stock worth $256,000 after acquiring an additional 1,438 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Franklin Resources during the 4th quarter worth $345,000. Finally, Guinness Asset Management LTD boosted its holdings in shares of Franklin Resources by 66.0% during the 4th quarter. Guinness Asset Management LTD now owns 18,457 shares of the closed-end fund’s stock worth $374,000 after buying an additional 7,337 shares during the period. 47.56% of the stock is owned by institutional investors.

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.

Franklin Resources Company Profile

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.