PNC Financial Services Group Inc. Has $29.64 Million Stake in KKR & Co. Inc. (NYSE:KKR)

PNC Financial Services Group Inc. lessened its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,408 shares of the asset manager's stock after selling 2,886 shares during the period. PNC Financial Services Group Inc.'s holdings in KKR & Co. Inc. were worth $29,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its holdings in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC boosted its stake in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

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KKR & Co. Inc. Trading Down 5.1 %

KKR traded down $5.85 on Thursday, reaching $108.52. 7,526,229 shares of the company's stock were exchanged, compared to its average volume of 5,522,275. The company's 50 day moving average is $143.74 and its 200-day moving average is $141.84. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $96.39 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KKR shares. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley decreased 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 report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Barclays decreased their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $161.43.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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. This trade represents 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 company insiders.

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.