TIAA Trust National Association Lowers Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

TIAA Trust National Association lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,021 shares of the asset manager's stock after selling 27,901 shares during the period. TIAA Trust National Association's holdings in KKR & Co. Inc. were worth $22,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust purchased 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 position in shares of KKR & Co. Inc. in the 4th quarter worth about $36,000. HM Payson & Co. lifted its position in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares during the period. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded down $2.64 during mid-day trading on Friday, reaching $114.90. 6,223,634 shares of the company traded hands, compared to its average volume of 4,611,496. The company's fifty day moving average price is $136.07 and its 200-day moving average price is $141.52. The stock has a market capitalization of $102.06 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

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KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent research reports. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $160.79.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on 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 in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 39.34% of the stock is currently owned by insiders.

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.