Vinva Investment Management Ltd Sells 15,311 Shares of KKR & Co. Inc. (NYSE:KKR)

Vinva Investment Management Ltd reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 66.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,564 shares of the asset manager’s stock after selling 15,311 shares during the period. Vinva Investment Management Ltd’s holdings in KKR & Co. Inc. were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $71,000. Xponance Inc. increased its stake in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Xponance Inc. now owns 111,394 shares of the asset manager’s stock worth $16,476,000 after purchasing an additional 4,022 shares during the period. Evoke Wealth LLC increased its stake in shares of KKR & Co. Inc. by 12.8% in the fourth quarter. Evoke Wealth LLC now owns 5,108 shares of the asset manager’s stock worth $756,000 after purchasing an additional 581 shares during the period. Horizon Investments LLC increased its stake in shares of KKR & Co. Inc. by 1.4% in the fourth quarter. Horizon Investments LLC now owns 10,586 shares of the asset manager’s stock worth $1,566,000 after purchasing an additional 148 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of KKR & Co. Inc. by 2.3% in the fourth quarter. Advisors Asset Management Inc. now owns 36,274 shares of the asset manager’s stock worth $5,365,000 after purchasing an additional 819 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other 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 shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1 %

NYSE KKR opened at $116.71 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average is $139.55 and its two-hundred day moving average is $141.36. The company has a market capitalization of $103.66 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $150.00 to $141.00 in a research note on Thursday. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $160.79.

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.