KKR & Co. Inc. (NYSE:KKR) Stake Reduced by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,180 shares of the asset manager’s stock after selling 700 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in KKR & Co. Inc. were worth $470,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Proficio Capital Partners LLC grew its stake in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth $218,918,000. Roberts Foundation bought a new position in KKR & Co. Inc. during the 4th quarter worth $147,910,000. Amundi grew its stake in KKR & Co. Inc. by 51.8% during the 4th quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock worth $316,659,000 after buying an additional 728,515 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after buying an additional 503,365 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $150.00 to $141.00 in a research report on Thursday. Keefe, Bruyette & Woods reduced their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Down 0.1 %

Shares of NYSE KKR opened at $116.54 on Friday. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. 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 business has a fifty day simple moving average of $139.07 and a 200-day simple moving average of $141.31.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, February 14th. 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.