KKR & Co. Inc. (NYSE:KKR) Position Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,516 shares of the asset manager's stock after acquiring an additional 7,590 shares during the period. Commonwealth Equity Services LLC's holdings in KKR & Co. Inc. were worth $14,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter worth $30,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter worth $40,000. HM Payson & Co. boosted its position in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the last quarter. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 sale, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.34% of the company's stock.

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KKR & Co. Inc. Stock Performance

NYSE KKR traded down $0.17 during trading hours on Friday, reaching $116.54. The company's stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,378,969. 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 business has a 50-day simple moving average of $139.55 and a 200 day simple moving average of $141.36. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The stock has a market cap of $103.52 billion, a PE ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KKR shares. Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced 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 research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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.