Jackson Square Partners LLC Sells 9,655 Shares of KKR & Co. Inc. (NYSE:KKR)

Jackson Square Partners LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,920 shares of the asset manager's stock after selling 9,655 shares during the period. Jackson Square Partners LLC's holdings in KKR & Co. Inc. were worth $4,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock valued at $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 32.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager's stock valued at $162,000 after purchasing an additional 306 shares during the last quarter. Cerity Partners LLC raised its position in KKR & Co. Inc. by 4.6% in the 3rd quarter. Cerity Partners LLC now owns 189,960 shares of the asset manager's stock worth $24,805,000 after purchasing an additional 8,333 shares during the period. Kingsview Wealth Management LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $255,000. Finally, Pitcairn Co. bought a new stake in KKR & Co. Inc. in the third quarter worth $216,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays decreased their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. 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. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Finally, Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $160.79.

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Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Down 2.2 %

NYSE KKR traded down $2.64 during trading hours on Friday, hitting $114.90. 6,223,634 shares of the company were exchanged, compared to its average volume of 4,611,496. The stock has a market cap of $102.06 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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 stock has a 50-day moving average price of $136.07 and a 200 day moving average price of $141.52. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

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

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.