Wells Fargo & Company MN Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Wells Fargo & Company MN reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,223,202 shares of the asset manager's stock after selling 69,975 shares during the period. Wells Fargo & Company MN owned approximately 0.25% of KKR & Co. Inc. worth $328,834,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its stake in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after buying an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after buying an additional 69 shares during the period. Ballentine Partners LLC grew its holdings in KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after acquiring an additional 70 shares during the last quarter. Parkside Financial Bank & Trust increased its position 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 acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after acquiring an additional 73 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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KKR & Co. Inc. Stock Down 8.1 %

KKR & Co. Inc. stock traded down $8.93 during trading on Thursday, hitting $101.53. 5,222,274 shares of the company were exchanged, compared to its average volume of 4,882,844. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $124.41 and its 200 day moving average is $139.93. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $90.18 billion, a P/E ratio of 30.14, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

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 0.69%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KKR shares. JMP Securities decreased their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods reduced their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Barclays lowered their price target 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. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average target price of $154.80.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

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.