Vulcan Value Partners LLC Sells 1,851,795 Shares of KKR & Co. Inc. (NYSE:KKR)

Vulcan Value Partners LLC lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 99.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316 shares of the asset manager's stock after selling 1,851,795 shares during the quarter. Vulcan Value Partners LLC's holdings in KKR & Co. Inc. were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth about $36,000. Finally, HM Payson & Co. raised its stake in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research reports. Citigroup decreased their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Barclays decreased their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $144.93.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $0.05 on Wednesday, hitting $114.40. The company's stock had a trading volume of 4,655,190 shares, compared to its average volume of 4,234,643. KKR & Co. Inc. has a one year low of $109.37 and a one year high of $116.71. The firm has a market capitalization of $101.62 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The stock has a fifty day moving average of $113.42 and a two-hundred day moving average of $137.37. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

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.