Bank of Montreal Can lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252,409 shares of the asset manager's stock after selling 101,823 shares during the period. Bank of Montreal Can owned about 0.14% of KKR & Co. Inc. worth $185,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. GQG Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $325,752,000. Proficio Capital Partners LLC grew its position in shares of KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after buying an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $218,918,000. Finally, Roberts Foundation purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at $147,910,000. Hedge funds and other institutional investors own 76.26% of the company's stock.
Insider Transactions 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 on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 39.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on KKR shares. JMP Securities dropped their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Wells Fargo & Company decreased their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $151.33.
Read Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
KKR & Co. Inc. stock traded down $0.47 during trading hours on Friday, hitting $101.40. The stock had a trading volume of 8,299,480 shares, compared to its average volume of 4,929,030. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock's fifty day moving average is $122.22 and its two-hundred day moving average is $139.57. The stock has a market capitalization of $90.07 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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