Mesirow Financial Investment Management Inc. trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,983 shares of the asset manager's stock after selling 2,935 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in KKR & Co. Inc. were worth $4,879,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $238,000. Van ECK Associates Corp lifted its position in shares of KKR & Co. Inc. by 4.3% in the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager's stock worth $2,378,000 after buying an additional 704 shares in the last quarter. Montecito Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the third quarter worth about $232,000. Dudley Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% during the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock valued at $404,000 after buying an additional 80 shares during the last quarter. Finally, TFB Advisors LLC grew its holdings in KKR & Co. Inc. by 16.3% during the 3rd quarter. TFB Advisors LLC now owns 5,856 shares of the asset manager's stock valued at $765,000 after buying an additional 821 shares in the last quarter. Institutional investors own 76.26% of the company's stock.
Wall Street Analyst Weigh In
KKR has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered 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. 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. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $161.43.
Read Our Latest Analysis on KKR
KKR & Co. Inc. Trading Up 1.9 %
Shares of KKR traded up $2.12 during trading hours on Wednesday, reaching $114.23. 7,672,210 shares of the company traded hands, compared to its average volume of 5,464,025. The stock's fifty day moving average price is $144.42 and its 200 day moving average price is $142.03. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $101.46 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.
KKR & Co. Inc. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.
Insiders Place Their Bets
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.34% of the company's stock.
KKR & Co. Inc. Profile
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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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