Corient Private Wealth LLC Buys 95,319 Shares of KKR & Co. Inc. (NYSE:KKR)

Corient Private Wealth LLC boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 159.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,244 shares of the asset manager's stock after acquiring an additional 95,319 shares during the period. Corient Private Wealth LLC's holdings in KKR & Co. Inc. were worth $22,962,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KKR. AdvisorNet Financial Inc boosted its stake in shares of KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after purchasing an additional 1,759 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock valued at $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $667,000. Caldwell Investment Management Ltd. boosted its stake in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after acquiring an additional 38,524 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

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KKR & Co. Inc. Stock Down 0.1 %

Shares of KKR & Co. Inc. stock traded down $0.17 during trading on Friday, reaching $116.54. The stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,375,473. The company has a market capitalization of $103.52 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. The stock has a fifty day moving average price of $139.07 and a two-hundred day moving average price of $141.31. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 sale, the insider now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KKR shares. Keefe, Bruyette & Woods reduced their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Barclays reduced their price objective on shares of 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. 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. Finally, Morgan Stanley reduced their price target on shares of 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. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.

KKR & Co. Inc. Profile

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.