Emerald Advisers LLC Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Emerald Advisers LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,733 shares of the asset manager’s stock after selling 103 shares during the quarter. Emerald Advisers LLC’s holdings in KKR & Co. Inc. were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Hanson & Doremus Investment Management bought a new stake in shares of 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 worth about $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $36,000. HM Payson & Co. lifted its holdings in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. during the fourth quarter worth about $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KKR shares. Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $150.00 to $141.00 in a report on Thursday. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated 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 owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

KKR stock opened at $116.54 on Monday. 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 company’s fifty day moving average price is $139.07 and its 200-day moving average price is $141.64. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a market capitalization of $103.52 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

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.