Invesco Ltd. lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,672,757 shares of the asset manager's stock after selling 1,359,872 shares during the period. Invesco Ltd. owned 1.31% of KKR & Co. Inc. worth $1,726,518,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after buying an additional 1,759 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after purchasing an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $667,000. Caldwell Investment Management Ltd. grew its position in shares of 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. increased its holdings 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 worth $16,889,000 after purchasing an additional 38,524 shares during the last quarter. 76.26% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
KKR has been the subject of several research analyst reports. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced 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 report on Monday, January 13th. Wells Fargo & Company lowered their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Barclays reduced their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $151.33.
Get Our Latest Stock Report on KKR & Co. Inc.
Insiders Place Their Bets
In other 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 value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company's stock.
KKR & Co. Inc. Trading Down 0.5 %
KKR stock traded down $0.47 during trading on Friday, hitting $101.40. The company had a trading volume of 8,299,480 shares, compared to its average volume of 4,920,666. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a 50 day simple moving average of $122.22 and a 200-day simple moving average of $139.51. The firm has a market capitalization of $90.07 billion, a P/E ratio of 30.45, a PEG ratio of 1.00 and a beta of 1.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.
KKR & Co. Inc. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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