Heron Bay Capital Management Cuts Position in KKR & Co. Inc. (NYSE:KKR)

Heron Bay Capital Management cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,120 shares of the asset manager's stock after selling 7,929 shares during the period. KKR & Co. Inc. accounts for 1.5% of Heron Bay Capital Management's holdings, making the stock its 23rd biggest position. Heron Bay Capital Management's holdings in KKR & Co. Inc. were worth $6,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. AdvisorNet Financial Inc lifted 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 valued at $322,000 after buying an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 acquiring an additional 4,719 shares during the period. Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $667,000. Caldwell Investment Management Ltd. lifted its holdings in KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after purchasing an additional 38,524 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KKR shares. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Keefe, Bruyette & Woods decreased 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 research note on Monday, January 13th. Finally, Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.79.

KKR & Co. Inc. Trading Down 1.5 %

Shares of NYSE:KKR traded down $1.83 during midday trading on Thursday, reaching $117.61. 4,323,382 shares of the company's stock were exchanged, compared to its average volume of 4,400,264. The stock has a market cap of $104.46 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm's 50 day simple moving average is $136.92 and its two-hundred day simple moving average is $141.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

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 $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.34% of the company's stock.

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.