KKR & Co. Inc. (NYSE:KKR) Shares Sold by Capital Research Global Investors

Capital Research Global Investors reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,824,189 shares of the asset manager's stock after selling 760,776 shares during the period. Capital Research Global Investors owned approximately 0.32% of KKR & Co. Inc. worth $417,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Coastline Trust Co raised its holdings in shares of KKR & Co. Inc. by 50.4% in the 4th quarter. Coastline Trust Co now owns 33,393 shares of the asset manager's stock worth $4,939,000 after purchasing an additional 11,193 shares in the last quarter. First Trust Advisors LP boosted its holdings in KKR & Co. Inc. by 35.1% during the fourth quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager's stock worth $59,317,000 after buying an additional 104,274 shares in the last quarter. Forum Financial Management LP grew its position in KKR & Co. Inc. by 1.3% in the fourth quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock worth $1,267,000 after buying an additional 111 shares during the last quarter. Capital International Ltd. CA bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $397,000. Finally, Capital Group Private Client Services Inc. lifted its position in shares of KKR & Co. Inc. by 42.8% during the 4th quarter. Capital Group Private Client Services Inc. now owns 180,146 shares of the asset manager's stock valued at $26,645,000 after acquiring an additional 53,958 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $103.29 on Friday. The firm has a market capitalization of $91.75 billion, a PE ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm's fifty day simple moving average is $117.65 and its 200 day simple moving average is $138.54.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. KKR & Co. Inc.'s payout ratio is presently 21.02%.

Insider Buying and Selling

In related 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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KKR shares. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. JMP Securities decreased their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Bank of America decreased their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $144.93.

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.

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