KKR & Co. Inc. (NYSE:KKR) Shares Sold by Akre Capital Management LLC

Akre Capital Management LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,283,564 shares of the asset manager's stock after selling 1,110,272 shares during the quarter. KKR & Co. Inc. makes up 13.2% of Akre Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Akre Capital Management LLC owned about 1.16% of KKR & Co. Inc. worth $1,521,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $36,000. Finally, HM Payson & Co. raised its position 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 acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $4.25 during trading on Wednesday, reaching $106.53. The stock had a trading volume of 3,398,720 shares, compared to its average volume of 4,960,304. The stock has a market capitalization of $94.63 billion, a PE ratio of 31.99, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business's 50-day moving average price is $116.08 and its 200 day moving average price is $138.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is presently 21.02%.

Insider Activity at KKR & Co. Inc.

In related 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 transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JMP Securities cut their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Citigroup reduced their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.93.

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.