KKR & Co. Inc. (NYSE:KKR) Shares Sold by Crescent Park Management L.P.

Crescent Park Management L.P. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,003 shares of the asset manager's stock after selling 22,250 shares during the quarter. KKR & Co. Inc. makes up approximately 7.3% of Crescent Park Management L.P.'s portfolio, making the stock its 3rd biggest position. Crescent Park Management L.P.'s holdings in KKR & Co. Inc. were worth $18,933,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KKR. Vanguard Group Inc. raised its stake in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock valued at $8,384,650,000 after buying an additional 441,817 shares in the last quarter. State Street Corp increased its holdings in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock valued at $3,486,977,000 after acquiring an additional 481,686 shares during the last quarter. Wellington Management Group LLP raised its position in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after acquiring an additional 60,147 shares in the last quarter. Geode Capital Management LLC raised its position in shares of KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. Finally, Norges Bank purchased a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $1,435,314,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

KKR has been the topic of a number of research analyst reports. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased 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 note on Monday, January 13th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $163.00.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's 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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction 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 insiders.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $9.81 during midday trading on Friday, reaching $92.74. The company's stock had a trading volume of 19,024,123 shares, compared to its average volume of 4,747,012. The firm has a market capitalization of $82.38 billion, a PE ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $88.76 and a fifty-two week high of $170.40. The stock's 50 day simple moving average is $130.85 and its 200 day simple moving average is $140.97. 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. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 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.