Mesirow Financial Investment Management Inc. Has $4.88 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Mesirow Financial Investment Management Inc. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,983 shares of the asset manager’s stock after selling 2,935 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in KKR & Co. Inc. were worth $4,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in KKR & Co. Inc. by 17.8% in the fourth 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. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $115.39 on Friday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The stock has a 50-day moving average price of $145.94 and a 200-day moving average price of $141.85.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.