Kesler Norman & Wride LLC Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

Kesler Norman & Wride LLC cut its position in KKR & Co. Inc. (NYSE:KKR) by 67.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,453 shares of the asset manager’s stock after selling 5,172 shares during the quarter. Kesler Norman & Wride LLC’s holdings in KKR & Co. Inc. were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KKR. Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after acquiring an additional 69 shares in the last quarter. Ballentine Partners LLC raised its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after purchasing an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on KKR. Morgan Stanley dropped their target price 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. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $120.99 on Thursday. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock’s fifty day moving average is $133.56 and its 200-day moving average is $141.47. 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 firm has a market capitalization of $107.47 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.58%. KKR & Co. Inc.’s payout ratio is 21.02%.

Insiders Place Their Bets

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 shares were 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 directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by 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.