United Capital Financial Advisors LLC Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

United Capital Financial Advisors LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,955 shares of the asset manager’s stock after selling 8,817 shares during the period. United Capital Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $37,858,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 worth $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. FMR LLC grew its holdings in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,435,314,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in KKR & Co. Inc. by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock worth $557,965,000 after acquiring an additional 85,461 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value 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 represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $103.13 on Tuesday. The stock’s 50-day simple moving average is $121.20 and its 200 day simple moving average is $139.36. The stock has a market capitalization of $91.61 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. 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 52-week low of $86.15 and a 52-week high of $170.40.

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 issued 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Citigroup decreased their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JMP Securities dropped 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. Finally, Morgan Stanley reduced their price objective on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.53.

KKR & Co. Inc. Company Profile

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.