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

Wells Fargo & Company MN decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,223,202 shares of the asset manager’s stock after selling 69,975 shares during the quarter. Wells Fargo & Company MN owned 0.25% of KKR & Co. Inc. worth $328,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Benjamin Edwards Inc. increased its holdings in shares of KKR & Co. Inc. by 48.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,123 shares of the asset manager’s stock worth $538,000 after purchasing an additional 1,345 shares in the last quarter. HighTower Advisors LLC increased its holdings in KKR & Co. Inc. by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 85,451 shares of the asset manager’s stock worth $11,140,000 after buying an additional 13,172 shares in the last quarter. Royal London Asset Management Ltd. raised its position in KKR & Co. Inc. by 3.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 270,540 shares of the asset manager’s stock worth $35,327,000 after buying an additional 9,833 shares during the last quarter. Quantinno Capital Management LP lifted its stake in KKR & Co. Inc. by 110.8% during the 3rd quarter. Quantinno Capital Management LP now owns 25,269 shares of the asset manager’s stock valued at $3,300,000 after acquiring an additional 13,279 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of KKR & Co. Inc. by 12.6% during the 3rd quarter. Stifel Financial Corp now owns 337,657 shares of the asset manager’s stock valued at $44,092,000 after acquiring an additional 37,889 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KKR. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $150.00 to $141.00 in a report on Thursday, March 20th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Insider Buying and Selling

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 stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Down 9.6 %

NYSE KKR opened at $92.74 on Friday. KKR & Co. Inc. has a 12 month low of $88.76 and a 12 month high of $170.40. 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 stock has a market cap of $82.38 billion, a PE ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. The stock’s 50 day moving average is $130.85 and its 200 day moving average is $140.97.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

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.