KKR & Co. Inc. (NYSE:KKR) Shares Sold by Hoey Investments Inc.

Hoey Investments Inc. decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,413 shares of the asset manager’s stock after selling 156 shares during the quarter. Hoey Investments Inc.’s holdings in KKR & Co. Inc. were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $36,000. HM Payson & Co. raised its position in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the period. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $114.90 on Monday. The firm has a 50 day simple moving average of $136.07 and a 200-day simple moving average of $141.69. The stock has a market cap of $102.06 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth 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. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

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 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 transaction was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Keefe, Bruyette & Woods lowered their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays reduced their target price 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. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target 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 assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $160.79.

About KKR & Co. Inc.

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.