Massachusetts Financial Services Co. MA Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

Massachusetts Financial Services Co. MA reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,690,326 shares of the asset manager’s stock after selling 118,064 shares during the period. KKR & Co. Inc. makes up 0.8% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 21st largest holding. Massachusetts Financial Services Co. MA owned about 1.88% of KKR & Co. Inc. worth $2,468,666,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Meeder Advisory Services Inc. raised its position in KKR & Co. Inc. by 3.5% during the 4th quarter. Meeder Advisory Services Inc. now owns 8,135 shares of the asset manager’s stock worth $1,203,000 after buying an additional 278 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after acquiring an additional 458,048 shares during the period. Nemes Rush Group LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $253,000. National Bank of Canada FI lifted its position in KKR & Co. Inc. by 2.4% in the fourth quarter. National Bank of Canada FI now owns 540,705 shares of the asset manager’s stock valued at $80,006,000 after purchasing an additional 12,851 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in KKR & Co. Inc. by 14.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,266 shares of the asset manager’s stock valued at $1,035,000 after purchasing an additional 923 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $117.82 on Wednesday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month 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 firm has a 50-day moving average of $134.37 and a two-hundred day moving average of $141.62. The company has a market capitalization of $104.65 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 39.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays cut their price target 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. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. 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. Finally, Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.79.

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.