Axxcess Wealth Management LLC Has $1.22 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Axxcess Wealth Management LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 139.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,264 shares of the asset manager's stock after purchasing an additional 4,816 shares during the period. Axxcess Wealth Management LLC's holdings in KKR & Co. Inc. were worth $1,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $218,918,000. Roberts Foundation bought a new position in KKR & Co. Inc. during the fourth quarter worth about $147,910,000. Amundi grew its stake in KKR & Co. Inc. by 51.8% in the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager's stock valued at $316,659,000 after acquiring an additional 728,515 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 acquiring an additional 503,365 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.2 %

Shares of NYSE:KKR traded up $0.30 during trading on Tuesday, hitting $122.27. 3,954,934 shares of the company were exchanged, compared to its average volume of 4,385,216. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The stock has a market cap of $108.61 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $138.68 and a two-hundred day moving average price of $141.66.

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KKR & Co. Inc. Announces Dividend

The company also recently declared 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. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Oppenheimer upped their price target on shares of 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 lowered their price objective on shares of 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. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $160.79.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company's stock.

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.