KKR & Co. Inc. (NYSE:KKR) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,268 shares of the asset manager’s stock after selling 937 shares during the period. KKR & Co. Inc. accounts for about 1.5% of RiverPark Advisors LLC’s portfolio, making the stock its 23rd largest holding. RiverPark Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,110,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Pine Valley Investments Ltd Liability Co acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $233,000. World Investment Advisors LLC lifted its position in KKR & Co. Inc. by 17.1% in the third quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager’s stock valued at $2,637,000 after buying an additional 2,954 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KKR & Co. Inc. during the third quarter worth about $2,686,000. Tidal Investments LLC increased its position in shares of KKR & Co. Inc. by 12.1% during the third quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager’s stock valued at $7,195,000 after acquiring an additional 5,935 shares during the last quarter. Finally, American Trust purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $202,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $106.99 on Thursday. The company has a market capitalization of $95.03 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $115.40 and a 200 day moving average price of $137.88.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.65%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. 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 report on Monday, April 14th. Citigroup cut 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 note on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price objective for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Bank of America cut 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 note on Friday, April 4th. Finally, Wells Fargo & Company decreased their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.93.

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.