Foster Dykema Cabot & Partners LLC Has $21.57 Million Position in KKR & Co. Inc. (NYSE:KKR)

Foster Dykema Cabot & Partners LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 72,807.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,815 shares of the asset manager's stock after buying an additional 145,615 shares during the period. KKR & Co. Inc. comprises 1.7% of Foster Dykema Cabot & Partners LLC's holdings, making the stock its 22nd largest position. Foster Dykema Cabot & Partners LLC's holdings in KKR & Co. Inc. were worth $21,567,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farringdon Capital Ltd. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $243,000. Zacks Investment Management lifted its stake in KKR & Co. Inc. by 4.9% in the fourth quarter. Zacks Investment Management now owns 20,519 shares of the asset manager's stock valued at $3,035,000 after acquiring an additional 957 shares during the last quarter. Garden State Investment Advisory Services LLC grew its position in shares of KKR & Co. Inc. by 16.3% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 1,860 shares of the asset manager's stock valued at $275,000 after acquiring an additional 260 shares during the period. NewEdge Advisors LLC increased its stake in shares of KKR & Co. Inc. by 16.2% during the 4th quarter. NewEdge Advisors LLC now owns 55,829 shares of the asset manager's stock worth $8,258,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in shares of KKR & Co. Inc. by 33.2% in the 4th quarter. Insigneo Advisory Services LLC now owns 7,525 shares of the asset manager's stock valued at $1,113,000 after purchasing an additional 1,877 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 1.9 %

Shares of NYSE:KKR opened at $102.22 on Thursday. The business's 50 day simple moving average is $119.32 and its 200 day simple moving average is $138.87. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $90.80 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 0.68%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is currently 21.02%.

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 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 sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays reduced their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research note on Monday. 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 note on Tuesday, April 8th. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $144.93.

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.

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