KKR & Co. Inc. (NYSE:KKR) Stake Lowered by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 58.9% during the fourth quarter, Holdings Channel reports. The firm owned 5,720 shares of the asset manager’s stock after selling 8,191 shares during the period. Epoch Investment Partners Inc.’s holdings in KKR & Co. Inc. were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s 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 sale, the insider now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $103.29 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $91.75 billion, a PE ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. The business has a fifty day simple moving average of $117.65 and a 200-day simple moving average of $138.59. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid 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 yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $144.93.

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.