Arrowstreet Capital Limited Partnership Has $8.35 Million Position in KKR & Co. Inc. (NYSE:KKR)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 104.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,423 shares of the asset manager's stock after purchasing an additional 28,862 shares during the period. Arrowstreet Capital Limited Partnership's holdings in KKR & Co. Inc. were worth $8,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its position in KKR & Co. Inc. by 48.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,123 shares of the asset manager's stock worth $538,000 after buying an additional 1,345 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of KKR & Co. Inc. by 18.2% during the third quarter. HighTower Advisors LLC now owns 85,451 shares of the asset manager's stock worth $11,140,000 after purchasing an additional 13,172 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of KKR & Co. Inc. by 110.8% during the third quarter. Quantinno Capital Management LP now owns 25,269 shares of the asset manager's stock valued at $3,300,000 after purchasing an additional 13,279 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of KKR & Co. Inc. by 12.6% in the third quarter. Stifel Financial Corp now owns 337,657 shares of the asset manager's stock valued at $44,092,000 after purchasing an additional 37,889 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its position in KKR & Co. Inc. by 42.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,648 shares of the asset manager's stock worth $738,000 after purchasing an additional 1,693 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages have commented on KKR. Barclays decreased their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research report on Friday. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Wells Fargo & Company lowered their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. 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 report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $151.33.

KKR & Co. Inc. Trading Down 0.5 %

KKR stock traded down $0.47 during midday trading on Friday, hitting $101.40. 8,299,480 shares of the company's stock were exchanged, compared to its average volume of 4,920,666. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. 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 cap of $90.07 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The stock's fifty day moving average price is $122.22 and its 200-day moving average price is $139.51.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by company insiders.

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.