Sterling Capital Management LLC Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Sterling Capital Management LLC cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,670 shares of the asset manager’s stock after selling 126 shares during the period. Sterling Capital Management LLC’s holdings in KKR & Co. Inc. were worth $1,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Vanguard Group Inc. boosted 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 last quarter. Geode Capital Management LLC lifted its stake in shares of 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 valued at $2,073,624,000 after purchasing an additional 458,048 shares in the last quarter. FMR LLC grew its holdings in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after purchasing an additional 752,056 shares during the period. Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in KKR & Co. Inc. by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock valued at $557,965,000 after buying an additional 85,461 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on KKR. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays lowered their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a report on Friday. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their price target on 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $148.53.

Insider Activity 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 transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 1.7 %

Shares of KKR & Co. Inc. stock opened at $103.13 on Tuesday. 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 firm has a market cap of $91.61 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a 50-day moving average price of $121.20 and a 200 day moving average price of $139.36.

KKR & Co. Inc. Dividend Announcement

The company 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 0.68%. 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.