DE Burlo Group Inc. Trims Stake in KKR & Co. Inc. (NYSE:KKR)

DE Burlo Group Inc. lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,400 shares of the asset manager’s stock after selling 70,100 shares during the quarter. KKR & Co. Inc. comprises about 4.6% of DE Burlo Group Inc.’s investment portfolio, making the stock its 5th largest holding. DE Burlo Group Inc.’s holdings in KKR & Co. Inc. were worth $34,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after buying an additional 441,817 shares during the period. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock valued at $2,073,624,000 after acquiring an additional 458,048 shares during the period. FMR LLC increased its holdings in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $1,435,314,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock valued at $557,965,000 after purchasing an additional 85,461 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of research reports. Bank of America lowered their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. JMP Securities cut their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.93.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Up 0.5 %

NYSE KKR opened at $113.81 on Friday. The company has a market cap of $101.09 billion, a PE ratio of 34.18, a PEG ratio of 1.00 and a beta of 1.77. 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 50 day moving average of $114.31 and a 200-day moving average of $137.63. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. 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 0.62%. 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.