Oxford Financial Group LTD. LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 89.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,842 shares of the asset manager's stock after selling 14,834 shares during the quarter. Oxford Financial Group LTD. LLC's holdings in KKR & Co. Inc. were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $36,000. HM Payson & Co. lifted its position in 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. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Institutional investors own 76.26% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. 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. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer raised their target price 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. Finally, Barclays cut their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.79.
Check Out Our Latest Report on KKR
KKR & Co. Inc. Stock Down 2.2 %
Shares of KKR & Co. Inc. stock traded down $2.70 on Wednesday, hitting $119.48. 3,165,968 shares of the company traded hands, compared to its average volume of 4,387,687. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month 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 company has a market cap of $106.13 billion, a PE ratio of 35.88, a PEG ratio of 1.00 and a beta of 1.72. The company has a 50-day moving average price of $138.26 and a 200 day moving average price of $141.71.
KKR & Co. Inc. Announces Dividend
The company 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 of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 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 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 directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.34% of the company's stock.
About KKR & Co. Inc.
(
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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