Jackson Hill Advisors LLC Trims Position in KKR & Co. Inc. (NYSE:KKR)

Jackson Hill Advisors LLC lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,500 shares of the asset manager's stock after selling 25,500 shares during the period. KKR & Co. Inc. comprises 12.2% of Jackson Hill Advisors LLC's holdings, making the stock its largest position. Jackson Hill Advisors LLC's holdings in KKR & Co. Inc. were worth $19,760,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KKR. Blue Trust Inc. increased its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $30,000. First United Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $41,000. NBC Securities Inc. bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $43,000. Finally, Naples Money Management LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price target 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. Keefe, Bruyette & Woods restated an "outperform" rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Finally, Barclays increased their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.50.

KKR & Co. Inc. Stock Performance

KKR traded up $0.49 during trading on Friday, hitting $104.64. The stock had a trading volume of 1,833,151 shares, compared to its average volume of 3,578,537. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The company has a 50 day moving average price of $98.45 and a 200-day moving average price of $87.17. KKR & Co. Inc. has a one year low of $48.88 and a one year high of $107.94. The firm has a market cap of $92.86 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 0.93 and a beta of 1.62.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.67%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company's stock, valued at approximately $30,557,025.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the transaction, the insider now owns 366,567 shares of the company's stock, valued at $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

About KKR & Co. Inc.

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.

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