Wellington Management Group LLP Trims Position in KKR & Co. Inc. (NYSE:KKR)

Wellington Management Group LLP decreased its position in KKR & Co. Inc. (NYSE:KKR) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,944,995 shares of the asset manager’s stock after selling 1,487,832 shares during the quarter. Wellington Management Group LLP owned approximately 2.47% of KKR & Co. Inc. worth $3,245,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Townsquare Capital LLC boosted its holdings in shares of KKR & Co. Inc. by 36.1% in the third quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock worth $1,817,000 after buying an additional 3,693 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in KKR & Co. Inc. by 80.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 3,880 shares of the asset manager’s stock worth $507,000 after acquiring an additional 1,731 shares during the period. Icon Wealth Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 32.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock worth $162,000 after acquiring an additional 306 shares during the last quarter. L.M. Kohn & Company boosted its stake in shares of KKR & Co. Inc. by 11.8% during the 3rd quarter. L.M. Kohn & Company now owns 3,992 shares of the asset manager’s stock worth $521,000 after acquiring an additional 420 shares during the last quarter. Finally, Bamco Inc. NY grew its position in shares of KKR & Co. Inc. by 1,494.0% during the 3rd quarter. Bamco Inc. NY now owns 117,954 shares of the asset manager’s stock valued at $15,402,000 after acquiring an additional 110,554 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KKR. 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 upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley lowered their price target 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, Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 sale, 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 filing with the SEC, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR stock opened at $114.90 on Monday. 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 stock has a market capitalization 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. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The stock’s 50-day moving average price is $136.07 and its 200-day moving average price is $141.69.

KKR & Co. Inc. Announces Dividend

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