Franklin Resources Inc. Has $105.75 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Franklin Resources Inc. cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 766,592 shares of the asset manager's stock after selling 229,281 shares during the quarter. Franklin Resources Inc. owned 0.09% of KKR & Co. Inc. worth $105,753,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KKR. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at about $31,000. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, American National Bank increased its stake in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after acquiring an additional 235 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $1.79 during mid-day trading on Monday, hitting $156.13. The company had a trading volume of 2,311,181 shares, compared to its average volume of 4,208,886. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The firm has a market cap of $138.68 billion, a P/E ratio of 46.91, a PEG ratio of 1.25 and a beta of 1.63. The business's 50-day simple moving average is $147.64 and its 200-day simple moving average is $127.14. 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. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the company earned $0.73 EPS. As a group, analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is 21.28%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Thursday. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Barclays boosted their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.21.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.