M&T Bank Corp Sells 1,860 Shares of KKR & Co. Inc. (NYSE:KKR)

M&T Bank Corp lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,123 shares of the asset manager’s stock after selling 1,860 shares during the period. M&T Bank Corp’s holdings in KKR & Co. Inc. were worth $4,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after buying an additional 65 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $115.39 on Friday. The firm has a market cap of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The firm’s 50 day simple moving average is $145.94 and its 200-day simple moving average is $141.85. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. 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. Announces Dividend

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

Insider Transactions 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 that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KKR. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.