Legal & General Group Plc Sells 1,330,636 Shares of KKR & Co. Inc. (NYSE:KKR)

Legal & General Group Plc decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,319,121 shares of the asset manager's stock after selling 1,330,636 shares during the quarter. Legal & General Group Plc owned 0.49% of KKR & Co. Inc. worth $638,841,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $1,435,314,000. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC boosted its position in shares of 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 purchasing an additional 1,542,092 shares during the period. Raymond James Financial Inc. purchased a new position in KKR & Co. Inc. in the 4th quarter worth about $218,918,000. Finally, Roberts Foundation acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $147,910,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.5 %

Shares of NYSE KKR traded down $0.47 during trading hours on Friday, hitting $101.40. The stock had a trading volume of 8,299,480 shares, compared to its average volume of 4,929,030. The firm's 50-day moving average price is $122.22 and its two-hundred day moving average price is $139.57. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $90.07 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

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KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Barclays decreased their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup cut their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, JMP Securities lowered their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company 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.