United Capital Financial Advisors LLC Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

United Capital Financial Advisors LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 255,955 shares of the asset manager's stock after selling 8,817 shares during the period. United Capital Financial Advisors LLC's holdings in KKR & Co. Inc. were worth $37,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KKR. Pine Valley Investments Ltd Liability Co purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $233,000. World Investment Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 17.1% during the third quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager's stock worth $2,637,000 after purchasing an additional 2,954 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $2,686,000. Tidal Investments LLC boosted its holdings in shares of KKR & Co. Inc. by 12.1% in the 3rd quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager's stock valued at $7,195,000 after acquiring an additional 5,935 shares during the last quarter. Finally, American Trust purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $202,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KKR. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.93.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.24 during mid-day trading on Friday, hitting $103.29. 3,725,114 shares of the company's stock were exchanged, compared to its average volume of 4,952,116. The firm has a market capitalization of $91.75 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business's 50 day moving average is $117.65 and its two-hundred day moving average is $138.50. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed 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 was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.68%. KKR & Co. Inc.'s dividend payout ratio is currently 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 firm's stock in a transaction dated 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Company Profile

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.