Clearbridge Investments LLC Has $201.49 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Clearbridge Investments LLC lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,362,269 shares of the asset manager's stock after acquiring an additional 20,631 shares during the quarter. Clearbridge Investments LLC owned 0.15% of KKR & Co. Inc. worth $201,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $1,435,314,000. GQG Partners LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $325,752,000. Proficio Capital Partners LLC lifted its position in KKR & Co. Inc. by 4,981.9% during the 4th 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. purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $147,910,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.7 %

Shares of NYSE:KKR traded up $3.15 during midday trading on Wednesday, reaching $120.99. The company had a trading volume of 4,050,772 shares, compared to its average volume of 4,623,710. The company has a fifty day simple moving average of $134.37 and a two-hundred day simple moving average of $141.62. The firm has a market cap of $107.47 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

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KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. Morgan Stanley reduced 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. Keefe, Bruyette & Woods decreased 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. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

Insider Activity 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 dated 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 owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate 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.