KKR & Co. Inc. (NYSE:KKR) Stake Boosted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,995 shares of the asset manager's stock after purchasing an additional 5,145 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in KKR & Co. Inc. were worth $7,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its position in shares of KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after acquiring an additional 1,759 shares during the last quarter. Arete Wealth Advisors LLC grew its position in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after purchasing an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $667,000. Caldwell Investment Management Ltd. raised its holdings in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after buying an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in shares of KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after buying an additional 38,524 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Insiders Place Their Bets

In related 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 stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly 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 SEC, which is available through this hyperlink. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $103.29 on Friday. 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 business has a 50 day moving average price of $117.65 and a 200 day moving average price of $138.54. The company has a market cap of $91.75 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. TD Cowen lowered their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target 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 lowered their price objective 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. Finally, Barclays cut their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $144.93.

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.

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