Vulcan Value Partners LLC Has $343,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Vulcan Value Partners LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 99.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,316 shares of the asset manager’s stock after selling 1,851,795 shares during the period. Vulcan Value Partners LLC’s holdings in KKR & Co. Inc. were worth $343,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 441,817 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $2,073,624,000 after buying an additional 458,048 shares in the last quarter. FMR LLC increased its position in 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 buying an additional 752,056 shares during the period. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $1,435,314,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock worth $557,965,000 after buying an additional 85,461 shares in the last quarter. 76.26% of the stock is 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 stock in a transaction on 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.5 %

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. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a market cap of $101.09 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The business’s fifty day moving average is $114.31 and its 200 day moving average is $137.63.

KKR & Co. Inc. Announces Dividend

The company 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. Wells Fargo & Company lowered 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. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, Barclays cut their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average 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.