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

Franklin Resources Inc. trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,999 shares of the asset manager’s stock after selling 85,593 shares during the quarter. Franklin Resources Inc.’s holdings in KKR & Co. Inc. were worth $100,727,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KKR shares. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price 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 lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Barclays reduced 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 research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Trading Up 2.7 %

Shares of KKR stock opened at $120.99 on Thursday. The company has a market capitalization of $107.47 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $133.56 and its two-hundred day moving average is $141.47. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40.

KKR & Co. Inc. Announces Dividend

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

About KKR & Co. Inc.

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.