Quantbot Technologies LP Makes New $2.02 Million Investment in KKR & Co. Inc. (NYSE:KKR)

Quantbot Technologies LP acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,648 shares of the asset manager's stock, valued at approximately $2,019,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its position in KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after purchasing an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after buying an additional 4,719 shares during the period. Whalen Wealth Management Inc. bought a new position in KKR & Co. Inc. during the fourth quarter worth $667,000. Caldwell Investment Management Ltd. lifted its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after buying an additional 5,900 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after buying an additional 38,524 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Barclays cut their target price 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. Finally, Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. Stock Down 1.5 %

Shares of KKR stock traded down $1.83 during trading hours on Thursday, reaching $117.61. The company had a trading volume of 4,323,382 shares, compared to its average volume of 4,395,710. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $104.46 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The business has a fifty day simple moving average of $137.64 and a 200-day simple moving average of $141.55. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 0.60%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

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.