Sei Investments Co. Has $142.91 Million Position in KKR & Co. Inc. (NYSE:KKR)

Sei Investments Co. trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 966,163 shares of the asset manager's stock after selling 264,955 shares during the period. Sei Investments Co. owned about 0.11% of KKR & Co. Inc. worth $142,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Pathstone Holdings LLC grew its position in shares of KKR & Co. Inc. by 12.4% in the 3rd quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager's stock valued at $8,112,000 after purchasing an additional 6,873 shares during the period. Caprock Group LLC boosted its holdings in shares of KKR & Co. Inc. by 76.6% in the third quarter. Caprock Group LLC now owns 6,112 shares of the asset manager's stock valued at $798,000 after buying an additional 2,651 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of KKR & Co. Inc. during the third quarter worth $100,000. PNC Financial Services Group Inc. raised its holdings in shares of KKR & Co. Inc. by 11.9% during the third quarter. PNC Financial Services Group Inc. now owns 203,294 shares of the asset manager's stock worth $26,546,000 after acquiring an additional 21,648 shares during the period. Finally, Commerce Bank lifted its position in KKR & Co. Inc. by 7.5% in the 3rd quarter. Commerce Bank now owns 13,951 shares of the asset manager's stock valued at $1,822,000 after acquiring an additional 978 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other 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 approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price target on 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 cut their target price on 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. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Barclays reduced their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $2.70 during midday trading on Wednesday, hitting $119.48. 3,165,968 shares of the company's stock were exchanged, compared to its average volume of 4,395,918. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company's 50 day moving average price is $138.26 and its 200 day moving average price is $141.71. 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 firm has a market capitalization of $106.13 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

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.