Victory Capital Management Inc. lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,353 shares of the asset manager's stock after selling 3,828 shares during the period. Victory Capital Management Inc.'s holdings in KKR & Co. Inc. were worth $34,072,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of KKR. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth $40,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at $45,000. Finally, Farmers & Merchants Investments Inc. grew its stake in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Trading Down 5.1 %
Shares of KKR traded down $5.85 during trading hours on Thursday, hitting $108.52. 7,457,604 shares of the stock were exchanged, compared to its average volume of 5,501,534. The firm has a market capitalization of $96.39 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50-day moving average of $143.74 and a 200-day moving average of $141.84. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.
KKR & Co. Inc. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on KKR. HSBC cut 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 note on Thursday, January 30th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.43.
View Our Latest Analysis on KKR
Insiders Place Their Bets
In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 sale, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 39.34% of the company's stock.
About KKR & Co. Inc.
(
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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