Capital Group Private Client Services Inc. Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Capital Group Private Client Services Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 42.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,146 shares of the asset manager's stock after buying an additional 53,958 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in KKR & Co. Inc. were worth $26,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Capital International Sarl raised its position in shares of KKR & Co. Inc. by 128.9% in the 4th quarter. Capital International Sarl now owns 23,781 shares of the asset manager's stock worth $3,517,000 after acquiring an additional 13,392 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in KKR & Co. Inc. by 0.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 541,791 shares of the asset manager's stock valued at $80,170,000 after buying an additional 3,694 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in KKR & Co. Inc. by 72,807.5% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 145,815 shares of the asset manager's stock valued at $21,567,000 after buying an additional 145,615 shares during the period. Farringdon Capital Ltd. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $243,000. Finally, Zacks Investment Management grew its position in shares of KKR & Co. Inc. by 4.9% in the 4th quarter. Zacks Investment Management now owns 20,519 shares of the asset manager's stock worth $3,035,000 after buying an additional 957 shares during the period. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JMP Securities cut 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. Bank of America lowered their price objective on 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. Keefe, Bruyette & Woods cut their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Citigroup lowered their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One 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's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $144.93.

Insider Buying and Selling

In related 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 completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $5.57 during trading hours on Wednesday, hitting $107.85. 4,357,817 shares of the company were exchanged, compared to its average volume of 4,961,074. The company's 50 day moving average price is $116.08 and its 200-day moving average price is $138.09. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week 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 stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

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.