KKR & Co. Inc. (NYSE:KKR) Shares Sold by Capital World Investors

Capital World Investors trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,857,376 shares of the asset manager's stock after selling 8,369 shares during the quarter. Capital World Investors owned about 2.12% of KKR & Co. Inc. worth $2,789,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coastline Trust Co boosted its holdings in shares of KKR & Co. Inc. by 50.4% in the 4th quarter. Coastline Trust Co now owns 33,393 shares of the asset manager's stock valued at $4,939,000 after buying an additional 11,193 shares in the last quarter. First Trust Advisors LP lifted its position in KKR & Co. Inc. by 35.1% in the fourth quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager's stock valued at $59,317,000 after acquiring an additional 104,274 shares during the last quarter. Forum Financial Management LP boosted its stake in KKR & Co. Inc. by 1.3% in the fourth quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock valued at $1,267,000 after acquiring an additional 111 shares in the last quarter. Capital International Ltd. CA acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $397,000. Finally, Capital Group Private Client Services Inc. grew its holdings in shares of KKR & Co. Inc. by 42.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 180,146 shares of the asset manager's stock worth $26,645,000 after purchasing an additional 53,958 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $5.37 during trading hours on Monday, reaching $98.00. The company had a trading volume of 4,405,389 shares, compared to its average volume of 4,951,847. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a 50 day simple moving average of $116.82 and a 200-day simple moving average of $138.35. The company has a market capitalization of $87.05 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. JMP Securities decreased their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reduced their price target 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, Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company 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.