Federated Hermes Inc. Sells 41,073 Shares of KKR & Co. Inc. (NYSE:KKR)

Federated Hermes Inc. lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 275,327 shares of the asset manager's stock after selling 41,073 shares during the period. Federated Hermes Inc.'s holdings in KKR & Co. Inc. were worth $40,724,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares during the period. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after purchasing an additional 458,048 shares during the period. Norges Bank bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. Charles Schwab Investment Management Inc. grew 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 valued at $557,965,000 after buying an additional 85,461 shares in the last quarter. Finally, GQG Partners LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth about $325,752,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 0.5 %

NYSE:KKR traded down $0.47 on Friday, reaching $101.40. 8,299,480 shares of the stock traded hands, compared to its average volume of 4,929,030. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company's 50 day moving average is $122.22 and its 200-day moving average is $139.57. The firm has a market capitalization of $90.07 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

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KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. Keefe, Bruyette & Woods dropped their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Barclays cut their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research report on Friday. JMP Securities dropped their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company lowered 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, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. 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. 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.