Capital International Investors Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Capital International Investors trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,174,438 shares of the asset manager's stock after selling 4,601,415 shares during the period. KKR & Co. Inc. accounts for approximately 1.0% of Capital International Investors' investment portfolio, making the stock its 22nd biggest position. Capital International Investors owned approximately 3.96% of KKR & Co. Inc. worth $5,202,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $4.25 during trading hours on Wednesday, hitting $106.53. The company had a trading volume of 3,398,720 shares, compared to its average volume of 4,960,337. 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 $94.63 billion, a price-to-earnings ratio of 31.99, a PEG 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 firm has a 50 day simple moving average of $116.08 and a 200 day simple moving average of $138.09.

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research reports. JMP Securities reduced their target price 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. Wells Fargo & Company dropped their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods cut their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.93.

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.