Aviva PLC Acquires 222,167 Shares of KKR & Co. Inc. (NYSE:KKR)

Aviva PLC increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 144.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 376,159 shares of the asset manager's stock after purchasing an additional 222,167 shares during the quarter. Aviva PLC's holdings in KKR & Co. Inc. were worth $55,638,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. GQG Partners LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $325,752,000. Proficio Capital Partners LLC raised its stake in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after acquiring an additional 1,542,092 shares during the period. Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $218,918,000. Finally, Roberts Foundation bought a new position in KKR & Co. Inc. during the fourth quarter worth about $147,910,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

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KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $3.33 during trading hours on Friday, reaching $98.55. 3,648,151 shares of the stock traded hands, compared to its average volume of 4,906,466. The company has a market capitalization of $87.53 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company's 50-day simple moving average is $123.18 and its two-hundred day simple moving average is $139.72. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.71%. KKR & Co. Inc.'s payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, 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 report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.80.

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.