Cinctive Capital Management LP grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 120.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,619 shares of the asset manager's stock after acquiring an additional 43,433 shares during the quarter. Cinctive Capital Management LP's holdings in KKR & Co. Inc. were worth $11,776,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KKR. AdvisorNet Financial Inc increased its position in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after purchasing an additional 38,524 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 31.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager's stock worth $12,110,000 after purchasing an additional 22,007 shares during the period. 76.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KKR shares. Bank of America cut their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Morgan Stanley reduced their price objective 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. HSBC downgraded 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 report on Thursday, January 30th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. One investment 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.00.
Get Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
NYSE KKR traded down $9.81 during trading hours on Friday, reaching $92.74. The company's stock had a trading volume of 19,024,123 shares, compared to its average volume of 4,747,012. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $88.76 and a 1 year high of $170.40. The firm's 50-day moving average price is $130.85 and its 200-day moving average price is $140.97. The company has a market capitalization of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.75%. KKR & Co. Inc.'s dividend payout ratio is 21.02%.
Insider Activity at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.
About KKR & Co. Inc.
(
Free Report)
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.
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