KKR & Co. Inc. (NYSE:KKR) Stock Position Cut by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,376,948 shares of the asset manager’s stock after selling 45,925 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.16% of KKR & Co. Inc. worth $114,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in KKR & Co. Inc. by 54.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock valued at $1,209,457,000 after acquiring an additional 9,192,928 shares during the last quarter. Akre Capital Management LLC lifted its holdings in KKR & Co. Inc. by 0.9% in the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after acquiring an additional 134,660 shares during the last quarter. Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 7,699,314 shares of the asset manager’s stock valued at $403,764,000 after acquiring an additional 260,606 shares during the last quarter. Finally, Norges Bank acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $258,688,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 0.5 %

NYSE:KKR opened at $96.28 on Wednesday. The stock’s 50 day moving average price is $97.76 and its 200 day moving average price is $81.51. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a market capitalization of $85.21 billion, a P/E ratio of 23.60, a P/E/G ratio of 0.86 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. On average, research analysts forecast that KKR & Co. Inc. will post 4.26 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

Analysts Set New Price Targets

A number of analysts have commented on KKR shares. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Barclays upped their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, TD Cowen upped their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.