Price T Rowe Associates Inc. MD Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Price T Rowe Associates Inc. MD trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 91.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,540,929 shares of the asset manager’s stock after selling 15,635,031 shares during the period. Price T Rowe Associates Inc. MD owned 0.18% of KKR & Co. Inc. worth $66,261,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. NuWave Investment Management LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $27,000. Riverview Trust Co acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $45,000. Atlas Capital Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth about $81,000. Capital Analysts LLC raised its position in shares of KKR & Co. Inc. by 339.5% during the 2nd quarter. Capital Analysts LLC now owns 1,758 shares of the asset manager’s stock worth $82,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Alta Advisers Ltd acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 53.85% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the sale, the insider now directly owns 37 shares in the company, valued at approximately $1,436.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the sale, the insider now directly owns 37 shares in the company, valued at approximately $1,436.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Sorkin sold 40,000 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total transaction of $2,217,600.00. Following the completion of the sale, the insider now owns 1,434,144 shares in the company, valued at $79,508,943.36. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on KKR. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Monday, January 30th. Credit Suisse Group set a $45.50 price objective on shares of KKR & Co. Inc. in a report on Wednesday, November 23rd. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of KKR & Co. Inc. in a report on Monday. Finally, The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.92.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $49.83 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $42.91 billion, a P/E ratio of -36.64, a PEG ratio of 2.55 and a beta of 1.55. The company has a 50 day moving average price of $54.66 and a 200 day moving average price of $50.73. KKR & Co. Inc. has a fifty-two week low of $41.77 and a fifty-two week high of $62.29.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.16. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. KKR & Co. Inc. had a negative net margin of 14.70% and a positive return on equity of 5.71%. The firm’s quarterly revenue was down 37.6% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 3.47 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $0.62 dividend on an annualized basis and a yield of 1.24%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently -45.59%.

KKR & Co. Inc. Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.