A fed filing today from FRANKLIN RESOURCES INC. (NYSE: BEN) indicates that Chairman of the Board Charles Johnson sold 400,000 on June 13 in two transactions at $104.78. The value of the transaction before fees was $41.912 million.

Normally this might show up as a huge flag because of the size, but after looking further at that filing he still holds more than 35.4 million shares in direct ownership and holds more than 9 million more in his IRA, 401K, and in spouse’s Trust.

Franklin Resources has a market cap north of $25 Billion and trades over 1.8 million shares on an average daily volume.

Jon C. Ogg
June 16, 2008

“The Next NVIDIA” Could Change Your Life

NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.

But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.

The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”

The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below

Check Your Email! “The Next NVIDIA” Report is Being Sent to Your Inbox Right Now

By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.