KKR & Co. Inc. (NYSE:KKR) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,062 shares of the asset manager’s stock after selling 906 shares during the period. Keybank National Association OH’s holdings in KKR & Co. Inc. were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KKR. Pettinga Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth about $238,000. Van ECK Associates Corp lifted its stake in KKR & Co. Inc. by 4.3% in the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock valued at $2,378,000 after acquiring an additional 704 shares during the last quarter. Montecito Bank & Trust acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $232,000. Dudley Capital Management LLC lifted its stake in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after acquiring an additional 80 shares during the last quarter. Finally, TFB Advisors LLC raised its position in shares of KKR & Co. Inc. by 16.3% in the third quarter. TFB Advisors LLC now owns 5,856 shares of the asset manager’s stock valued at $765,000 after purchasing an additional 821 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KKR shares. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.43.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’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 value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $115.39 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day simple moving average of $145.94 and a 200 day simple moving average of $141.85. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The firm has a market capitalization of $102.49 billion, a PE ratio of 34.65, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

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.