FMR LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,003,389 shares of the asset manager's stock after buying an additional 752,056 shares during the period. FMR LLC owned 1.35% of KKR & Co. Inc. worth $1,775,421,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,354,000. Waterloo Capital L.P. purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $210,000. Russell Investments Group Ltd. boosted its stake in KKR & Co. Inc. by 101.0% during the fourth quarter. Russell Investments Group Ltd. now owns 292,984 shares of the asset manager's stock worth $43,361,000 after buying an additional 147,207 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Wedbush Securities Inc. now owns 19,831 shares of the asset manager's stock valued at $2,933,000 after acquiring an additional 226 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in KKR & Co. Inc. by 8.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,336,716 shares of the asset manager's stock valued at $197,714,000 after purchasing an additional 103,924 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
Wall Street Analyst Weigh In
KKR has been the subject of a number of research reports. Morgan Stanley dropped 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. Wells Fargo & Company dropped their price target on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays reduced their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday. JMP Securities dropped their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday. Finally, Bank of America reduced 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 note on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.33.
Read Our Latest Research Report on KKR
Insider Buying and Selling at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction 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 directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.34% of the company's stock.
KKR & Co. Inc. Stock Down 0.5 %
Shares of NYSE:KKR traded down $0.47 during midday trading on Friday, hitting $101.40. 8,299,480 shares of the stock were exchanged, compared to its average volume of 4,920,666. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business's fifty day simple moving average is $122.22 and its two-hundred day simple moving average is $139.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $90.07 billion, a PE ratio of 30.45, a P/E/G ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is 21.02%.
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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