Invesco Ltd. Sells 1,359,872 Shares of KKR & Co. Inc. (NYSE:KKR)

Invesco Ltd. trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,672,757 shares of the asset manager’s stock after selling 1,359,872 shares during the period. Invesco Ltd. owned 1.31% of KKR & Co. Inc. worth $1,726,518,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after acquiring an additional 441,817 shares during the period. Geode Capital Management LLC raised its position in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after purchasing an additional 458,048 shares during the period. FMR LLC boosted its holdings in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the period. Norges Bank bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,435,314,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of KKR & Co. Inc. by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock worth $557,965,000 after acquiring an additional 85,461 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $92.74 on Monday. KKR & Co. Inc. has a 12-month low of $86.13 and a 12-month high of $170.40. The company has a market capitalization of $82.38 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. 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 business’s 50 day moving average is $130.85 and its two-hundred day moving average is $141.14.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KKR shares. Barclays cut their price objective 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. Oppenheimer boosted 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. 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 company from $150.00 to $141.00 in a research note on Thursday, March 20th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.