KKR & Co. Inc. (NYSE:KKR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in KKR & Co. Inc. (NYSE:KKR) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,280 shares of the asset manager’s stock after selling 960 shares during the quarter. Securian Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $5,366,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pettinga Financial Advisors LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at approximately $238,000. Atria Investments Inc raised its stake in shares of KKR & Co. Inc. by 10.3% during the 3rd quarter. Atria Investments Inc now owns 45,329 shares of the asset manager’s stock worth $5,919,000 after buying an additional 4,235 shares during the last quarter. Sigma Planning Corp raised its stake in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after buying an additional 81 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in KKR & Co. Inc. by 0.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,780 shares of the asset manager’s stock valued at $3,497,000 after purchasing an additional 120 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KKR. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their price objective on 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. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on 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. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

Insider Transactions at KKR & Co. Inc.

In related 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 shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 3.8 %

NYSE KKR opened at $112.28 on Wednesday. The stock has a 50-day simple moving average of $144.42 and a 200 day simple moving average of $142.03. The company has a market capitalization of $99.73 billion, a PE ratio of 33.72, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.