Okabena Investment Services Inc. Sells 1,949 Shares of KKR & Co. Inc. (NYSE:KKR)

Okabena Investment Services Inc. decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,219 shares of the asset manager’s stock after selling 1,949 shares during the period. Okabena Investment Services Inc.’s holdings in KKR & Co. Inc. were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategy Asset Managers LLC raised its stake in shares of KKR & Co. Inc. by 25.4% in the 4th quarter. Strategy Asset Managers LLC now owns 6,968 shares of the asset manager’s stock valued at $1,031,000 after purchasing an additional 1,412 shares during the period. Allianz SE acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $1,187,000. Allstate Corp acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $2,684,000. Brown Brothers Harriman & Co. lifted its stake in KKR & Co. Inc. by 22.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the asset manager’s stock valued at $237,000 after acquiring an additional 288 shares in the last quarter. Finally, Gardner Lewis Asset Management L P bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $941,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s 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 completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KKR. Barclays cut their price objective 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. 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. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One 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 company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Stock Performance

KKR opened at $114.90 on Friday. The company’s 50 day moving average is $136.07 and its 200 day moving average is $141.36. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $102.06 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given 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 0.61%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

KKR & Co. Inc. 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.