Franklin Resources Inc. Sells 85,593 Shares of KKR & Co. Inc. (NYSE:KKR)

Franklin Resources Inc. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 680,999 shares of the asset manager's stock after selling 85,593 shares during the period. Franklin Resources Inc. owned about 0.08% of KKR & Co. Inc. worth $100,727,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $325,752,000. Proficio Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $218,918,000. Finally, Roberts Foundation bought a new position in KKR & Co. Inc. during the 4th quarter worth $147,910,000. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is currently owned by company insiders.

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KKR & Co. Inc. Stock Down 9.6 %

KKR & Co. Inc. stock traded down $9.81 during mid-day trading on Friday, reaching $92.74. The stock had a trading volume of 19,024,123 shares, compared to its average volume of 4,747,012. The firm has a market capitalization of $82.38 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $88.76 and a fifty-two week high of $170.40. The stock's 50-day simple moving average is $130.85 and its 200-day simple moving average is $140.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of analyst reports. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Barclays dropped their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $163.00.

KKR & Co. Inc. Company 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.