Schwarz Dygos Wheeler Investment Advisors LLC Sells 144 Shares of KKR & Co. Inc. (NYSE:KKR)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,273 shares of the asset manager’s stock after selling 144 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp boosted its position in 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 valued at $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of KKR & Co. Inc. by 0.3% during the third 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after acquiring an additional 124,257 shares during the last quarter. Geode Capital Management LLC increased its position in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the period. Finally, FMR LLC raised 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 during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $115.39 on Monday. The company has a fifty day moving average price of $145.94 and a 200 day moving average price of $142.18. The firm has a market cap of $102.49 billion, a PE ratio of 34.65, a PEG ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. 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. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KKR. Morgan Stanley reduced 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 research note on Thursday, February 6th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

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.