Marvin & Palmer Associates Inc. Sells 10,548 Shares of KKR & Co. Inc. (NYSE:KKR)

Marvin & Palmer Associates Inc. reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,377 shares of the asset manager’s stock after selling 10,548 shares during the quarter. KKR & Co. Inc. accounts for 5.6% of Marvin & Palmer Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. Marvin & Palmer Associates Inc.’s holdings in KKR & Co. Inc. were worth $7,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Johnson Investment Counsel Inc. boosted its stake in shares of KKR & Co. Inc. by 14.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,813 shares of the asset manager’s stock valued at $564,000 after buying an additional 487 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of KKR & Co. Inc. by 16.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 92,566 shares of the asset manager’s stock worth $13,691,000 after acquiring an additional 13,353 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $208,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in KKR & Co. Inc. by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,925 shares of the asset manager’s stock valued at $37,262,000 after purchasing an additional 25,534 shares during the last quarter. Finally, Taika Capital LP acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $359,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KKR has been the subject of several research analyst reports. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company dropped their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Price Performance

KKR opened at $115.39 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a fifty day simple moving average of $145.94 and a 200 day simple moving average of $142.18. The stock has a market cap of $102.49 billion, a P/E ratio of 34.65, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. 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.