Korea Investment CORP Has $72.29 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Korea Investment CORP cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,741 shares of the asset manager's stock after selling 489,773 shares during the period. Korea Investment CORP owned about 0.06% of KKR & Co. Inc. worth $72,290,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Banco BTG Pactual S.A. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $546,000. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of KKR & Co. Inc. by 38.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,032 shares of the asset manager's stock worth $1,780,000 after purchasing an additional 3,362 shares during the period. Baxter Bros Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $233,000. Keystone Investors PTE Ltd. increased its position in shares of KKR & Co. Inc. by 10,340.0% in the 4th quarter. Keystone Investors PTE Ltd. now owns 476,797 shares of the asset manager's stock worth $70,523,000 after purchasing an additional 472,230 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its stake in KKR & Co. Inc. by 21.4% in the fourth quarter. Zions Bancorporation N.A. now owns 9,195 shares of the asset manager's stock valued at $1,360,000 after acquiring an additional 1,618 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 1.0 %

Shares of KKR stock traded down $1.20 on Monday, reaching $113.66. 1,040,538 shares of the company's stock traded hands, compared to its average volume of 4,597,649. The company has a market capitalization of $100.96 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business's 50 day moving average price is $136.07 and its two-hundred day moving average price is $141.69.

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KKR & Co. Inc. Announces Dividend

The firm 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. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. KKR & Co. Inc.'s dividend payout ratio is 21.02%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

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 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 transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.34% of the stock is owned by insiders.

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.