Mount Lucas Management LP Sells 821 Shares of KKR & Co. Inc. (NYSE:KKR)

Mount Lucas Management LP cut its position in KKR & Co. Inc. (NYSE:KKR) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,899 shares of the asset manager’s stock after selling 821 shares during the quarter. Mount Lucas Management LP’s holdings in KKR & Co. Inc. were worth $577,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KKR. Proficio Capital Partners LLC raised its holdings in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $218,918,000. Roberts Foundation acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $147,910,000. Amundi increased its holdings in shares of KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock valued at $316,659,000 after acquiring an additional 728,515 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after acquiring an additional 503,365 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s 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 of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One investment 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. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Down 0.6 %

NYSE KKR opened at $115.39 on Monday. The business has a fifty day moving average price of $145.94 and a 200 day moving average price of $142.18. KKR & Co. Inc. has a one year low of $91.92 and a one year 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 cap of $102.49 billion, a P/E ratio of 34.65, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

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

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.