Lee Danner & Bass Inc. Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Lee Danner & Bass Inc. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 19,446 shares of the asset manager’s stock after selling 1,150 shares during the quarter. Lee Danner & Bass Inc.’s holdings in KKR & Co. Inc. were worth $2,876,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its stake in KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after purchasing an additional 1,759 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after buying an additional 4,719 shares during the period. Whalen Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $667,000. Caldwell Investment Management Ltd. lifted its holdings in shares of KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after buying an additional 5,900 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock valued at $16,889,000 after buying an additional 38,524 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $116.71 on Friday. The business has a 50 day simple moving average of $139.55 and a two-hundred day simple moving average of $141.36. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market capitalization of $103.66 billion, a P/E ratio of 35.05, a PEG ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $150.00 to $141.00 in a report on Thursday. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

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.