KKR & Co. Inc. (NYSE:KKR) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,082 shares of the asset manager's stock after selling 23,434 shares during the quarter. Cibc World Markets Corp's holdings in KKR & Co. Inc. were worth $15,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KKR. AdvisorNet Financial Inc boosted its position in shares of KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after purchasing an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after buying an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. increased its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after buying an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after buying an additional 4,481 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their target price on 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. Morgan Stanley dropped their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. Trading Down 0.1 %

Shares of KKR & Co. Inc. stock traded down $0.17 during trading hours on Friday, reaching $116.54. 6,082,929 shares of the company's stock were exchanged, compared to its average volume of 5,472,465. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a fifty day moving average of $139.55 and a 200-day moving average of $141.36. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $103.52 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Insider Buying and Selling

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 value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

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.