Clearwater Capital Advisors LLC Lowers Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Clearwater Capital Advisors LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,395 shares of the asset manager’s stock after selling 200 shares during the period. Clearwater Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $502,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $40,000. HM Payson & Co. increased its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

KKR opened at $113.54 on Monday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm has a market cap of $100.85 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.00 and a beta of 1.72. 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 company has a fifty day simple moving average of $142.16 and a 200 day simple moving average of $141.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on 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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.