KKR & Co. Inc. (NYSE:KKR) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,611,385 shares of the asset manager's stock after selling 21,600 shares during the period. Bessemer Group Inc. owned 0.18% of KKR & Co. Inc. worth $238,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. Geode Capital Management LLC grew its position in KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after buying an additional 458,048 shares during the period. FMR LLC grew its position in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares during the period. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in KKR & Co. Inc. by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager's stock worth $557,965,000 after acquiring an additional 85,461 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have commented on KKR shares. Bank of America cut 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. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a research note on Monday. Wells Fargo & Company lowered their price target on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their price target on shares of 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. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average price target of $148.53.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.49 during midday trading on Monday, reaching $102.93. 2,861,338 shares of the stock were exchanged, compared to its average volume of 4,921,186. The business's 50-day moving average price is $122.22 and its 200 day moving average price is $139.57. The company has a market capitalization of $91.43 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued 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%.

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.