William Blair Investment Management LLC Has $224,000 Position in KKR & Co. Inc. (NYSE:KKR)

William Blair Investment Management LLC lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 26.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,515 shares of the asset manager’s stock after selling 547 shares during the quarter. William Blair Investment Management LLC’s holdings in KKR & Co. Inc. were worth $224,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $36,000. TCTC Holdings LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $68,000. Signaturefd LLC boosted its holdings in shares of KKR & Co. Inc. by 2.4% during the fourth quarter. Signaturefd LLC now owns 8,298 shares of the asset manager’s stock worth $1,227,000 after acquiring an additional 194 shares during the period. Parallel Advisors LLC grew its position in shares of KKR & Co. Inc. by 6.3% in the fourth quarter. Parallel Advisors LLC now owns 9,544 shares of the asset manager’s stock valued at $1,412,000 after purchasing an additional 569 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of KKR & Co. Inc. by 12.4% during the fourth quarter. Harbour Investments Inc. now owns 1,195 shares of the asset manager’s stock worth $177,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction 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 sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Up 2.3 %

Shares of NYSE:KKR opened at $116.68 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a market capitalization of $103.64 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a fifty day moving average of $140.18 and a 200-day moving average of $141.53.

KKR & Co. Inc. Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays cut their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

About KKR & Co. Inc.

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.