Prudential Financial Inc. Sells 72,051 Shares of KKR & Co. Inc. (NYSE:KKR)

Prudential Financial Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 366,038 shares of the asset manager’s stock after selling 72,051 shares during the quarter. Prudential Financial Inc.’s holdings in KKR & Co. Inc. were worth $54,141,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KKR. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock worth $8,384,650,000 after buying an additional 441,817 shares during the last quarter. State Street Corp raised its holdings in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after acquiring an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its position in KKR & Co. Inc. by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares in the last quarter. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC increased its holdings in KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after purchasing an additional 165,631 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

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 that occurred on 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 transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $122.15 on Tuesday. The company has a market capitalization of $108.50 billion, a P/E ratio of 36.68, a P/E/G ratio of 1.00 and a beta of 1.72. The business has a fifty day simple moving average of $138.68 and a two-hundred day simple moving average of $141.66. 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. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.