Cerity Partners LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,009 shares of the asset manager's stock after selling 2,951 shares during the period. Cerity Partners LLC's holdings in KKR & Co. Inc. were worth $27,436,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $36,000. Finally, HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
Insider Buying and Selling
In other 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by insiders.
KKR & Co. Inc. Trading Up 2.7 %
Shares of KKR & Co. Inc. stock traded up $2.72 during trading hours on Monday, hitting $104.16. The company's stock had a trading volume of 1,497,065 shares, compared to its average volume of 4,916,070. The business has a fifty day moving average of $122.22 and a 200 day moving average of $139.57. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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 company has a market capitalization of $92.52 billion, a PE ratio of 31.28, a P/E/G ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Announces Dividend
The company also recently declared 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 0.67%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JMP Securities cut their price target on 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 objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $151.33.
View Our Latest Analysis on KKR
KKR & Co. Inc. Profile
(
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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