Lord Abbett & CO. LLC Has $51.87 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Lord Abbett & CO. LLC cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,712 shares of the asset manager's stock after selling 37,259 shares during the quarter. Lord Abbett & CO. LLC's holdings in KKR & Co. Inc. were worth $51,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Norges Bank acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $1,435,314,000. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $325,752,000. Proficio Capital Partners LLC lifted its position 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 purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $218,918,000. Finally, Roberts Foundation bought a new position in KKR & Co. Inc. in the 4th quarter worth about $147,910,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $0.42 during trading hours on Tuesday, reaching $114.35. 3,815,568 shares of the company's stock were exchanged, compared to its average volume of 4,995,361. 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 has a market capitalization of $101.57 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The business's 50-day simple moving average is $113.82 and its two-hundred day simple moving average is $137.53.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. JMP Securities reduced 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 report on Tuesday, April 8th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Barclays reduced their price objective 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, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $144.93.

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.