KKR & Co. Inc. (NYSE:KKR) Stock Position Lessened by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC cut its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,305 shares of the asset manager's stock after selling 5,253 shares during the quarter. KKR & Co. Inc. comprises about 3.2% of Zuckerman Investment Group LLC's portfolio, making the stock its 6th biggest position. Zuckerman Investment Group LLC's holdings in KKR & Co. Inc. were worth $32,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its position in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares during 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 company's stock in a transaction 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company's stock.

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KKR & Co. Inc. Stock Up 1.5 %

Shares of NYSE KKR traded up $1.54 during mid-day trading on Tuesday, hitting $104.67. The company had a trading volume of 2,687,633 shares, compared to its average volume of 4,930,505. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market capitalization of $92.97 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. 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's 50-day simple moving average is $121.20 and its 200 day simple moving average is $139.36.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

A number of brokerages have issued reports on KKR. 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 research note on Monday. Barclays reduced their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.