First Trust Advisors LP Has $59.32 Million Position in KKR & Co. Inc. (NYSE:KKR)

First Trust Advisors LP increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 35.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 401,035 shares of the asset manager's stock after purchasing an additional 104,274 shares during the period. First Trust Advisors LP's holdings in KKR & Co. Inc. were worth $59,317,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. grew 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 worth $41,000 after purchasing an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 4.2 %

Shares of KKR opened at $102.10 on Wednesday. The company has a market capitalization of $90.69 billion, a P/E ratio of 30.66, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business's 50 day simple moving average is $116.08 and its 200-day simple moving average is $138.09. 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. Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on 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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $144.93.

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.

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