KKR & Co. Inc. (NYSE:KKR) Stake Trimmed by Invesco Ltd.

Invesco Ltd. cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 10.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,672,757 shares of the asset manager’s stock after selling 1,359,872 shares during the quarter. Invesco Ltd.’s holdings in KKR & Co. Inc. were worth $1,726,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 0.8% in 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 buying an additional 441,817 shares in the last quarter. Geode Capital Management LLC raised its holdings in KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after purchasing an additional 458,048 shares during the period. FMR LLC grew its position in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the period. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $1,435,314,000. Finally, Charles Schwab Investment Management Inc. increased its stake in KKR & Co. Inc. by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock valued at $557,965,000 after buying an additional 85,461 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 can be accessed through this hyperlink. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KKR shares. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $163.00.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $92.74 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 fifty-two week low of $86.13 and a fifty-two week high of $170.40. The stock has a 50-day simple moving average of $130.85 and a two-hundred day simple moving average of $141.14. The firm has a market capitalization of $82.38 billion, a P/E ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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.