AGF Management Ltd. Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

AGF Management Ltd. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,721 shares of the asset manager’s stock after selling 215 shares during the period. AGF Management Ltd.’s holdings in KKR & Co. Inc. were worth $1,438,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. lifted its position 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 last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC lifted its position in KKR & Co. Inc. by 1.2% in the fourth 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 during the last quarter. Parkside Financial Bank & Trust lifted its position in KKR & Co. Inc. by 5.7% in the fourth 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 during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after acquiring an additional 73 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 4.5 %

Shares of KKR & Co. Inc. stock opened at $113.54 on Friday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. 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 company’s 50-day simple moving average is $142.16 and its 200-day simple moving average is $141.55. The firm has a market cap of $100.85 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, 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 filing with the SEC, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. 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.