Bridgewater Associates LP Lowers Stake in KKR & Co. Inc. (NYSE:KKR)

Bridgewater Associates LP cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 72.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,946 shares of the asset manager’s stock after selling 18,664 shares during the period. Bridgewater Associates LP’s holdings in KKR & Co. Inc. were worth $1,027,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $36,000. Finally, HM Payson & Co. grew its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $103.29 on Friday. The company has a market cap of $91.75 billion, a P/E ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business’s 50-day simple moving average is $117.65 and its 200 day simple moving average is $138.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KKR shares. Citigroup reduced their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Bank of America decreased their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, JMP Securities dropped their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

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.