KKR & Co. Inc. (NYSE:KKR) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,031 shares of the asset manager's stock after selling 7,516 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in KKR & Co. Inc. were worth $3,554,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KKR. Townsquare Capital LLC raised its position in shares of KKR & Co. Inc. by 36.1% in the third quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager's stock valued at $1,817,000 after purchasing an additional 3,693 shares during the period. Bamco Inc. NY raised its holdings in shares of KKR & Co. Inc. by 1,494.0% during the 3rd quarter. Bamco Inc. NY now owns 117,954 shares of the asset manager's stock worth $15,402,000 after buying an additional 110,554 shares in the last quarter. Atom Investors LP acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $1,367,000. Benjamin Edwards Inc. boosted its holdings in shares of KKR & Co. Inc. by 48.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,123 shares of the asset manager's stock valued at $538,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $4,725,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 2.7 %

KKR stock traded up $3.15 during mid-day trading on Wednesday, hitting $120.99. 4,050,772 shares of the company were exchanged, compared to its average volume of 4,633,135. The firm has a market capitalization of $107.47 billion, a P/E ratio of 36.33, a PEG ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $133.56 and a 200-day simple moving average of $141.47. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

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KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KKR. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Barclays cut 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 research report on Wednesday, February 5th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Finally, Morgan Stanley cut their target price on 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

KKR & Co. Inc. 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.