B. Metzler seel. Sohn & Co. AG Sells 8,474 Shares of KKR & Co. Inc. (NYSE:KKR)

B. Metzler seel. Sohn & Co. AG lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,449 shares of the asset manager’s stock after selling 8,474 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in KKR & Co. Inc. were worth $6,574,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Trading Up 0.7 %

Shares of KKR opened at $115.66 on Tuesday. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a market capitalization of $102.73 billion, a P/E ratio of 34.73, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50 day simple moving average is $135.23 and its 200 day simple moving average is $141.65.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed 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 annualized dividend 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 currently 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 firm’s stock in a transaction dated 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 trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

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.