Samalin Investment Counsel LLC Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Samalin Investment Counsel LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,028 shares of the asset manager’s stock after selling 303 shares during the period. Samalin Investment Counsel LLC’s holdings in KKR & Co. Inc. were worth $596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $36,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, HM Payson & Co. grew its position 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 worth $41,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $116.54 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a fifty day moving average price of $139.07 and a 200 day moving average price of $141.47. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The stock has a market cap of $103.52 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $150.00 to $141.00 in a research report on Thursday. Keefe, Bruyette & Woods dropped 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. Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.