Sit Investment Associates Inc. Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Sit Investment Associates Inc. lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,015 shares of the asset manager’s stock after selling 850 shares during the quarter. Sit Investment Associates Inc.’s holdings in KKR & Co. Inc. were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in shares of KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares during the period. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $667,000. Caldwell Investment Management Ltd. lifted its stake in shares of KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after purchasing an additional 5,900 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock worth $16,889,000 after purchasing an additional 38,524 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in KKR & Co. Inc. by 31.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock worth $12,110,000 after buying an additional 22,007 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade 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 hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KKR shares. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Bank of America cut their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Oppenheimer raised their price target 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. Finally, HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.00.

KKR & Co. Inc. Trading Down 9.6 %

NYSE:KKR opened at $92.74 on Friday. The stock has a market cap of $82.38 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a one year low of $88.76 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 business’s 50-day simple moving average is $130.85 and its 200 day simple moving average is $141.06.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.