Orion Portfolio Solutions LLC Has $9.09 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Orion Portfolio Solutions LLC cut its stake in KKR & Co. Inc. (NYSE:KKR) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,473 shares of the asset manager’s stock after selling 1,906 shares during the period. Orion Portfolio Solutions LLC’s holdings in KKR & Co. Inc. were worth $9,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. AdvisorNet Financial Inc raised its position in shares of KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $667,000. Caldwell Investment Management Ltd. raised its holdings in KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock worth $16,889,000 after acquiring an additional 38,524 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 31.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock worth $12,110,000 after purchasing an additional 22,007 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KKR shares. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

Insiders Place Their Bets

In related 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 shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $114.90 on Friday. The business’s fifty day moving average is $136.07 and its two-hundred day moving average is $141.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $102.06 billion, a P/E ratio of 34.51, a P/E/G 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.

KKR & Co. Inc. Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 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.