KKR & Co. Inc. (NYSE:KKR) Major Shareholder Sells $197,760,000.00 in Stock

KKR & Co. Inc. (NYSE:KKR) 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 sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $115.39 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company’s 50-day moving average price is $145.94 and its two-hundred day moving average price is $142.18.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

Several research firms recently commented on KKR. Wells Fargo & Company cut their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.43.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors have recently bought and sold shares of KKR. AdvisorNet Financial Inc increased its stake in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after acquiring an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. lifted its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

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.