OVERSEA CHINESE BANKING Corp Ltd Sells 25,718 Shares of KKR & Co. Inc. (NYSE:KKR)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 27.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,025 shares of the asset manager’s stock after selling 25,718 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KKR & Co. Inc. were worth $9,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AMG National Trust Bank bought a new stake in KKR & Co. Inc. in the third quarter worth $271,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $224,000. Meeder Advisory Services Inc. lifted its holdings in shares of KKR & Co. Inc. by 5.7% in the 3rd quarter. Meeder Advisory Services Inc. now owns 7,857 shares of the asset manager’s stock worth $1,026,000 after acquiring an additional 425 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of KKR & Co. Inc. by 12.4% during the 3rd quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager’s stock worth $8,112,000 after purchasing an additional 6,873 shares during the period. Finally, Caldwell Investment Management Ltd. grew its holdings in KKR & Co. Inc. by 3.3% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock valued at $27,273,000 after purchasing an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $113.99 on Wednesday. The firm has a market cap of $101.25 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $140.81 and its 200 day moving average is $141.71.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. 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 0.61%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

KKR & Co. Inc. 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.