Advisory Services Network LLC Increases Position in KKR & Co. Inc. (NYSE:KKR)

Advisory Services Network LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,331 shares of the asset manager's stock after purchasing an additional 3,382 shares during the period. Advisory Services Network LLC's holdings in KKR & Co. Inc. were worth $2,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its position in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the period. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $218,918,000. Finally, Roberts Foundation acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $147,910,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $1.07 on Tuesday, hitting $104.20. The stock had a trading volume of 4,531,470 shares, compared to its average volume of 4,943,800. The stock has a market cap of $92.55 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company's 50 day moving average price is $121.20 and its 200 day moving average price is $139.36. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

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KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 0.67%. KKR & Co. Inc.'s payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Barclays cut their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday. Citigroup cut their target price 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. Bank of America cut their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Morgan Stanley reduced their price target on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, JMP Securities cut their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price 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.