B. Metzler seel. Sohn & Co. AG Has $6.57 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

B. Metzler seel. Sohn & Co. AG trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,449 shares of the asset manager's stock after selling 8,474 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in KKR & Co. Inc. were worth $6,574,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KKR. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. GQG Partners LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $325,752,000. Proficio Capital Partners LLC grew its stake in 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 buying an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $218,918,000. Finally, Roberts Foundation acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $147,910,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 2.7 %

Shares of KKR stock traded up $3.15 during trading hours on Wednesday, reaching $120.99. The company had a trading volume of 4,050,772 shares, compared to its average volume of 4,633,135. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a 50 day moving average of $133.56 and a 200 day moving average of $141.47. The firm has a market cap of $107.47 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.00 and a beta of 1.72.

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KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price 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. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.