Oxbow Advisors LLC Cuts Holdings in KKR & Co Inc (NYSE:KKR)
Oxbow Advisors LLC trimmed its holdings in shares of KKR & Co Inc (NYSE:KKR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,615 shares of the asset manager’s stock after selling 1,125 shares during the period. Oxbow Advisors LLC’s holdings in KKR & Co Inc were worth $3,752,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $30,000. Hoey Investments Inc. bought a new position in shares of KKR & Co Inc during the 4th quarter valued at $36,000. Massey Quick Simon & CO. LLC bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $38,000. Valeo Financial Advisors LLC lifted its holdings in shares of KKR & Co Inc by 482.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,357 shares of the asset manager’s stock valued at $40,000 after buying an additional 1,124 shares during the period. Finally, Citizens Financial Group Inc RI bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 77.87% of the company’s stock.
KKR & Co Inc stock traded up $0.03 during trading on Friday, reaching $33.54. The company had a trading volume of 1,746,385 shares, compared to its average volume of 3,247,048. KKR & Co Inc has a 52 week low of $22.01 and a 52 week high of $34.14. The firm’s 50-day simple moving average is $30.82 and its 200 day simple moving average is $28.40. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 3.14 and a beta of 1.70. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Monday, February 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.49%. KKR & Co Inc’s dividend payout ratio is currently 29.94%.
Several research firms have recently weighed in on KKR. Wells Fargo & Co increased their price target on KKR & Co Inc from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Credit Suisse Group increased their price target on KKR & Co Inc from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Thursday, February 6th. Jefferies Financial Group began coverage on KKR & Co Inc in a report on Wednesday, January 15th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Barclays raised KKR & Co Inc from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. KKR & Co Inc presently has an average rating of “Buy” and an average price target of $36.82.
In related news, General Counsel David Sorkin sold 7,072 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $33.03, for a total value of $233,588.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by company insiders.
KKR & Co Inc Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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