William Blair Investment Management LLC Has $224,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

William Blair Investment Management LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 26.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,515 shares of the asset manager’s stock after selling 547 shares during the quarter. William Blair Investment Management LLC’s holdings in KKR & Co. Inc. were worth $224,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. TCTC Holdings LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $68,000. Signaturefd LLC raised its holdings in shares of KKR & Co. Inc. by 2.4% in the fourth quarter. Signaturefd LLC now owns 8,298 shares of the asset manager’s stock valued at $1,227,000 after buying an additional 194 shares during the last quarter. Parallel Advisors LLC lifted its position in KKR & Co. Inc. by 6.3% during the 4th quarter. Parallel Advisors LLC now owns 9,544 shares of the asset manager’s stock worth $1,412,000 after buying an additional 569 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in KKR & Co. Inc. by 12.4% during the 4th quarter. Harbour Investments Inc. now owns 1,195 shares of the asset manager’s stock worth $177,000 after buying an additional 132 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $116.68 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day moving average price of $140.18 and a 200 day moving average price of $141.53. The stock has a market capitalization of $103.64 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KKR shares. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’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 in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

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.