KKR & Co. Inc. (NYSE:KKR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 680,999 shares of the asset manager’s stock after selling 85,593 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of KKR & Co. Inc. worth $100,727,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KKR. AdvisorNet Financial Inc lifted its stake in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $667,000. Caldwell Investment Management Ltd. raised its holdings in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock valued at $16,889,000 after acquiring an additional 38,524 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 31.1% in the third quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock worth $12,110,000 after acquiring an additional 22,007 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 2.7 %

Shares of KKR stock opened at $120.99 on Thursday. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The firm has a market cap of $107.47 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a 50-day moving average of $133.56 and a two-hundred day moving average of $141.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.58%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Barclays cut their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.