Renaissance Group LLC Trims Position in KKR & Co. Inc. (NYSE:KKR)

Renaissance Group LLC decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,369 shares of the asset manager's stock after selling 44,671 shares during the quarter. Renaissance Group LLC's holdings in KKR & Co. Inc. were worth $33,060,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia grew its stake in shares of KKR & Co. Inc. by 80.8% in the fourth quarter. Bank of Nova Scotia now owns 145,878 shares of the asset manager's stock worth $21,577,000 after acquiring an additional 65,182 shares in the last quarter. FIL Ltd boosted its holdings in KKR & Co. Inc. by 36.0% in the fourth quarter. FIL Ltd now owns 34,361 shares of the asset manager's stock valued at $5,082,000 after purchasing an additional 9,087 shares during the period. Rathbones Group PLC grew its stake in KKR & Co. Inc. by 1,216.2% during the 4th quarter. Rathbones Group PLC now owns 337,482 shares of the asset manager's stock worth $49,917,000 after purchasing an additional 311,842 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $1,905,000. Finally, FMR LLC increased its holdings in KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after purchasing an additional 752,056 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $0.47 during mid-day trading on Friday, hitting $101.40. The company's stock had a trading volume of 8,299,480 shares, 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 firm 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 firm has a 50-day simple moving average of $122.22 and a 200 day simple moving average of $139.57.

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KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KKR shares. Keefe, Bruyette & Woods lowered their price objective 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. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Bank of America lowered their target price on shares of 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. Finally, Barclays lowered their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $151.33.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently 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.