Wells Fargo & Company MN Sells 69,975 Shares of KKR & Co. Inc. (NYSE:KKR)

Wells Fargo & Company MN decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 2,223,202 shares of the asset manager’s stock after selling 69,975 shares during the quarter. Wells Fargo & Company MN’s holdings in KKR & Co. Inc. were worth $328,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth $36,000. HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares during the period. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $92.74 on Friday. 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 company has a market cap of $82.38 billion, a PE ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12-month low of $88.76 and a 12-month high of $170.40. The business’s fifty day simple moving average is $130.85 and its 200-day simple moving average is $140.97.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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 0.75%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KKR shares. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley reduced their price target on 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 dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $163.00.

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.