KKR & Co. Inc. (NYSE:KKR) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,741 shares of the asset manager’s stock after selling 489,773 shares during the period. Korea Investment CORP owned 0.06% of KKR & Co. Inc. worth $72,290,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $30,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $36,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $40,000. Finally, HM Payson & Co. increased its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Keefe, Bruyette & Woods lowered 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. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Stock Down 2.2 %

NYSE KKR opened at $119.48 on Thursday. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a market capitalization of $106.13 billion, a P/E ratio of 35.88, a PEG ratio of 1.00 and a beta of 1.72. The company’s 50 day simple moving average is $137.64 and its 200 day simple moving average is $141.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

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 was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Activity

In other KKR & Co. Inc. 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.