Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,273 shares of the asset manager's stock after selling 5,055 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in KKR & Co. Inc. were worth $41,011,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth $40,000. Finally, HM Payson & Co. raised its position in KKR & Co. Inc. by 6,800.0% in the fourth 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 period. 76.26% of the stock is owned by hedge funds and other institutional investors.
KKR & Co. Inc. Stock Down 1.0 %
KKR traded down $1.17 on Monday, reaching $113.69. The company's stock had a trading volume of 933,276 shares, compared to its average volume of 4,597,224. The company has a market capitalization of $100.99 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $136.07 and a two-hundred day moving average of $141.69.
KKR & Co. Inc. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.
Insider Activity at KKR & Co. Inc.
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value 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. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on KKR shares. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. 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. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, 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 report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $160.79.
Check Out Our Latest Report on KKR & Co. Inc.
KKR & Co. Inc. Company 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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