KKR & Co. Inc. (NYSE:KKR) Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 8.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,401 shares of the asset manager’s stock after selling 234 shares during the period. Advisors Capital Management LLC’s holdings in KKR & Co. Inc. were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Sagespring Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $831,000. Optimize Financial Inc purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $408,000. Townsquare Capital LLC boosted its stake in shares of KKR & Co. Inc. by 47.6% during the 4th quarter. Townsquare Capital LLC now owns 20,530 shares of the asset manager’s stock worth $3,037,000 after purchasing an additional 6,617 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 5.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 16,372 shares of the asset manager’s stock worth $2,422,000 after buying an additional 873 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of KKR & Co. Inc. by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302,281 shares of the asset manager’s stock valued at $44,680,000 after buying an additional 8,271 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent analyst reports. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price objective for the company from $170.00 to $119.00 in a research report on Tuesday. Citigroup lowered their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. 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. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $104.20 on Wednesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a fifty day simple moving average of $120.25 and a 200 day simple moving average of $139.12. 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 company has a market cap of $92.55 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.00 and a beta of 1.77.

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 given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.67%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is accessible through the SEC website. 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.