Pictet Asset Management Holding SA Sells 9,364 Shares of KKR & Co. Inc. (NYSE:KKR)

Pictet Asset Management Holding SA decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,197 shares of the asset manager’s stock after selling 9,364 shares during the quarter. Pictet Asset Management Holding SA’s holdings in KKR & Co. Inc. were worth $40,556,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $36,000. HM Payson & Co. raised its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth 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 period. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is currently owned by institutional investors.

Insider Activity 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 on Wednesday, March 5th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KKR. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Stock Down 2.2 %

Shares of KKR opened at $114.90 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a market cap of $102.06 billion, a PE ratio of 34.51, a P/E/G ratio of 1.00 and a beta of 1.72. The business has a fifty day moving average of $136.07 and a 200 day moving average of $141.69.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 21.02%.

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.