KKR & Co. Inc. (NYSE:KKR) Stock Position Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 200,408 shares of the asset manager’s stock after selling 2,886 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $29,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $107,000. AMG National Trust Bank lifted its holdings in KKR & Co. Inc. by 5.1% during the 4th quarter. AMG National Trust Bank now owns 2,185 shares of the asset manager’s stock worth $323,000 after buying an additional 106 shares during the last quarter. Edgestream Partners L.P. bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $4,038,000. West Family Investments Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $206,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in KKR & Co. Inc. by 20.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,220 shares of the asset manager’s stock worth $328,000 after buying an additional 375 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction 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 transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KKR. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods cut their price target 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. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company cut their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Down 0.6 %

KKR opened at $115.39 on Monday. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. 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 stock has a market cap of $102.49 billion, a P/E ratio of 34.65, a P/E/G ratio of 1.00 and a beta of 1.72. The stock’s 50 day moving average price is $145.94 and its 200 day moving average price is $142.18.

KKR & Co. Inc. Announces Dividend

The company also recently declared 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 presently 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.