OneDigital Investment Advisors LLC Sells 2,651 Shares of KKR & Co. Inc. (NYSE:KKR)

OneDigital Investment Advisors LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,485 shares of the asset manager’s stock after selling 2,651 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, HM Payson & Co. grew its position in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $106.99 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50-day moving average of $115.40 and a 200-day moving average of $137.88. The stock has a market capitalization of $95.03 billion, a price-to-earnings ratio of 32.13, a PEG 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.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.65%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. TD Cowen decreased their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Barclays cut their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. JMP Securities decreased their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.93.

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.