DE Burlo Group Inc. Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

DE Burlo Group Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 23.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 231,400 shares of the asset manager’s stock after selling 70,100 shares during the period. KKR & Co. Inc. makes up approximately 4.6% of DE Burlo Group Inc.’s holdings, making the stock its 5th largest position. DE Burlo Group Inc.’s holdings in KKR & Co. Inc. were worth $34,226,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KKR. Farmers & Merchants Investments Inc. increased its holdings in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares during the period. Oppenheimer Asset Management Inc. increased its stake in KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC raised its holdings in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after acquiring an additional 73 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KKR shares. Citigroup reduced their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. JMP Securities lowered their target price on shares of 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. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $144.93.

KKR & Co. Inc. Stock Up 0.5 %

Shares of NYSE:KKR opened at $113.81 on Friday. 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 $101.09 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company’s 50-day moving average price is $114.31 and its two-hundred day moving average price is $137.63.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

About KKR & Co. Inc.

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.