Mitsubishi UFJ Trust & Banking Corp Sells 5,055 Shares of KKR & Co. Inc. (NYSE:KKR)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,273 shares of the asset manager’s stock after selling 5,055 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in KKR & Co. Inc. were worth $41,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the third quarter worth $40,000. Finally, HM Payson & Co. grew its position in shares of KKR & Co. Inc. by 6,800.0% in 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 period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised 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, March 20th. Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Insider Buying and Selling

In related 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 transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade 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 through this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR stock opened at $119.48 on Thursday. The stock has a market cap of $106.13 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. 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 50 day simple moving average of $137.64 and a 200 day simple moving average of $141.55.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.