KKR & Co. Inc. (NYSE:KKR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 72.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,946 shares of the asset manager's stock after selling 18,664 shares during the period. Bridgewater Associates LP's holdings in KKR & Co. Inc. were worth $1,027,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after buying an additional 69 shares during the last quarter. Ballentine Partners LLC raised its position in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after buying an additional 70 shares during the last quarter. Parkside Financial Bank & Trust raised its position in KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after buying an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after buying an additional 73 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This 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 company insiders.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Keefe, Bruyette & Woods cut their price objective 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. JMP Securities decreased their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reduced their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.93.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $6.80 on Thursday, hitting $113.61. The company's stock had a trading volume of 2,631,438 shares, compared to its average volume of 6,064,174. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a fifty day moving average price of $115.40 and a 200-day moving average price of $137.88. The company has a market capitalization of $100.91 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid 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 0.62%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

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.