American Century Companies Inc. Buys 693,121 Shares of KKR & Co. Inc. (NYSE:KKR)

American Century Companies Inc. increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 657.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 798,507 shares of the asset manager's stock after buying an additional 693,121 shares during the quarter. American Century Companies Inc. owned 0.09% of KKR & Co. Inc. worth $118,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. 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 worth $232,669,000 after acquiring an additional 1,542,092 shares during the period. Raymond James Financial Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth $218,918,000. Roberts Foundation purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $147,910,000. Amundi grew its holdings in KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager's stock valued at $316,659,000 after purchasing an additional 728,515 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock worth $156,199,000 after buying an additional 503,365 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 1.5 %

KKR & Co. Inc. stock traded down $1.83 during mid-day trading on Thursday, hitting $117.61. The company's stock 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 quick ratio of 0.07 and a current ratio of 0.07. The company has a 50 day moving average of $137.64 and a 200-day moving average of $141.55. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock has a market cap of $104.46 billion, a PE ratio of 35.32, a P/E/G ratio of 1.00 and a beta of 1.72.

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KKR & Co. Inc. Announces Dividend

The company 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 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 payout ratio is currently 21.02%.

Analyst Ratings Changes

A number of research analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods cut their price objective 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. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Barclays decreased their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.79.

Insider Buying and Selling

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

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.