Orion Portfolio Solutions LLC Sells 1,906 Shares of KKR & Co. Inc. (NYSE:KKR)

Orion Portfolio Solutions LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,473 shares of the asset manager’s stock after selling 1,906 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in KKR & Co. Inc. were worth $9,092,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after acquiring an additional 441,817 shares during the last quarter. State Street Corp increased its holdings in KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after buying an additional 60,147 shares during the period. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $1,435,314,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. HSBC lowered 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 report on Thursday, January 30th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.79.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $114.90 on Friday. The stock has a market capitalization of $102.06 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The firm has a fifty day simple moving average of $136.07 and a 200 day simple moving average of $141.36. 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. Announces Dividend

The firm also recently disclosed 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 was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is 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.