KKR & Co. Inc. (NYSE:KKR) Stock Position Decreased by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 766,592 shares of the asset manager’s stock after selling 229,281 shares during the quarter. Franklin Resources Inc.’s holdings in KKR & Co. Inc. were worth $105,753,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% in the third 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 in the last quarter. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $34,000. American National Bank lifted its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at $38,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $154.34 on Monday. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68. The firm has a 50 day moving average of $147.64 and a 200-day moving average of $127.14. 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 stock has a market capitalization of $137.09 billion, a P/E ratio of 46.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen increased their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays increased their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

KKR & Co. Inc. Company 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.