KKR & Co. Inc. (NYSE:KKR) Shares Sold by Triumph Capital Management

Triumph Capital Management reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,600 shares of the asset manager’s stock after selling 3,400 shares during the period. Triumph Capital Management’s holdings in KKR & Co. Inc. were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Becker Capital Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $210,000. Voleon Capital Management LP bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $514,000. Schonfeld Strategic Advisors LLC raised its stake in KKR & Co. Inc. by 2,188.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 73,955 shares of the asset manager’s stock valued at $10,939,000 after acquiring an additional 70,724 shares in the last quarter. AQR Capital Management LLC boosted its position in KKR & Co. Inc. by 4.5% during the 4th quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager’s stock worth $7,608,000 after acquiring an additional 2,221 shares during the period. Finally, Northern Trust Corp grew its stake in shares of KKR & Co. Inc. by 10.8% in the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager’s stock worth $909,741,000 after purchasing an additional 600,696 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $114.40 on Thursday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $101.62 billion, a PE ratio of 34.35, a PEG ratio of 1.00 and a beta of 1.77. The company’s 50 day moving average price is $113.06 and its 200 day moving average price is $137.21.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued 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 0.61%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.93.

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.