Epoch Investment Partners Inc. Lowers Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Epoch Investment Partners Inc. reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 58.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,720 shares of the asset manager’s stock after selling 8,191 shares during the quarter. Epoch Investment Partners Inc.’s holdings in KKR & Co. Inc. were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares during the period. Oppenheimer Asset Management Inc. increased its position in KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC raised its stake in KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after buying an additional 73 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KKR. Keefe, Bruyette & Woods reduced their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays decreased their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

KKR & Co. Inc. Stock Up 1.2 %

Shares of NYSE KKR opened at $103.29 on Monday. 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. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock’s 50-day simple moving average is $117.65 and its 200-day simple moving average is $138.59. The firm has a market cap of $91.75 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

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

About KKR & Co. Inc.

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.