Jackson Hill Advisors LLC Has $22.85 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Jackson Hill Advisors LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,500 shares of the asset manager’s stock after selling 5,500 shares during the period. KKR & Co. Inc. comprises 11.5% of Jackson Hill Advisors LLC’s portfolio, making the stock its 3rd largest position. Jackson Hill Advisors LLC’s holdings in KKR & Co. Inc. were worth $22,852,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $36,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Finally, HM Payson & Co. raised 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 acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $116.54 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $103.52 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The stock has a fifty day moving average of $139.07 and a 200-day moving average of $141.47. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

KKR & Co. Inc. Dividend Announcement

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 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 is currently 21.02%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

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.