Mariner LLC Decreases Position in KKR & Co. Inc. (NYSE:KKR)

Mariner LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 531,391 shares of the asset manager's stock after selling 25,696 shares during the period. Mariner LLC owned about 0.06% of KKR & Co. Inc. worth $78,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. GQG Partners LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $325,752,000. Proficio Capital Partners LLC grew its position in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $218,918,000. Finally, Roberts Foundation bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $147,910,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $1.24 during trading on Friday, hitting $103.29. The stock had a trading volume of 3,725,114 shares, compared to its average volume of 4,954,040. 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 12 month low of $86.15 and a 12 month high of $170.40. The firm has a market cap of $91.75 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. The business's 50-day moving average is $117.65 and its 200 day moving average is $138.54.

KKR & Co. Inc. Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Citigroup dropped their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their target price 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $144.93.

KKR & Co. Inc. Company 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.