Oxford Financial Group LTD. LLC Sells 14,834 Shares of KKR & Co. Inc. (NYSE:KKR)

Oxford Financial Group LTD. LLC cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 89.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,842 shares of the asset manager’s stock after selling 14,834 shares during the period. Oxford Financial Group LTD. LLC’s holdings in KKR & Co. Inc. were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $36,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $40,000. Finally, HM Payson & Co. lifted its position in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $116.54 on Friday. The stock has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day moving average price of $139.07 and a 200-day moving average price of $141.31. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

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 dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KKR. 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 Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $150.00 to $141.00 in a research report on Thursday. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Barclays dropped their price objective 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

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.