OVERSEA CHINESE BANKING Corp Ltd Decreases Position in KKR & Co. Inc. (NYSE:KKR)

OVERSEA CHINESE BANKING Corp Ltd reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,025 shares of the asset manager's stock after selling 25,718 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in KKR & Co. Inc. were worth $9,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its stake in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after buying an additional 69 shares in the last quarter. Ballentine Partners LLC lifted its stake in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after buying an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after buying an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after buying an additional 73 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Down 0.1 %

Shares of NYSE KKR traded down $0.17 during midday trading on Friday, reaching $116.54. 6,082,929 shares of the stock were exchanged, compared to its average volume of 4,382,648. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50 day simple moving average of $139.07 and a 200 day simple moving average of $141.47. The stock has a market capitalization of $103.52 billion, a P/E ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KKR shares. Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $150.00 to $141.00 in a research note on Thursday. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Barclays decreased their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

About KKR & Co. Inc.

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.