Keystone Investors PTE Ltd. Has $70.52 Million Position in KKR & Co. Inc. (NYSE:KKR)

Keystone Investors PTE Ltd. lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10,340.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 476,797 shares of the asset manager's stock after acquiring an additional 472,230 shares during the period. KKR & Co. Inc. comprises approximately 4.9% of Keystone Investors PTE Ltd.'s holdings, making the stock its 8th largest position. Keystone Investors PTE Ltd. owned approximately 0.05% of KKR & Co. Inc. worth $70,523,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after acquiring an additional 4,719 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 32.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager's stock valued at $162,000 after purchasing an additional 306 shares during the period. Cerity Partners LLC increased its holdings in shares of KKR & Co. Inc. by 4.6% in the 3rd quarter. Cerity Partners LLC now owns 189,960 shares of the asset manager's stock valued at $24,805,000 after purchasing an additional 8,333 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter worth approximately $255,000. Finally, Pitcairn Co. acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $216,000. Institutional investors and hedge funds own 76.26% of the company's stock.

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Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $160.79.

Insider Activity

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 in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR stock traded down $2.64 during midday trading on Friday, hitting $114.90. The stock had a trading volume of 6,223,634 shares, compared to its average volume of 4,611,496. 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. The stock has a 50-day simple moving average of $136.07 and a 200 day simple moving average of $141.52. The firm has a market capitalization of $102.06 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.