Russell Investments Group Ltd. Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Russell Investments Group Ltd. increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 101.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,984 shares of the asset manager's stock after acquiring an additional 147,207 shares during the period. Russell Investments Group Ltd.'s holdings in KKR & Co. Inc. were worth $43,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wedbush Securities Inc. boosted its position in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Wedbush Securities Inc. now owns 19,831 shares of the asset manager's stock valued at $2,933,000 after buying an additional 226 shares during the period. Envestnet Asset Management Inc. boosted its position in KKR & Co. Inc. by 8.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,336,716 shares of the asset manager's stock valued at $197,714,000 after purchasing an additional 103,924 shares in the last quarter. Aviva PLC grew its position in shares of KKR & Co. Inc. by 144.3% in the 4th quarter. Aviva PLC now owns 376,159 shares of the asset manager's stock worth $55,638,000 after buying an additional 222,167 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in KKR & Co. Inc. by 151.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 5,570 shares of the asset manager's stock worth $824,000 after purchasing an additional 3,351 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

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KKR & Co. Inc. Trading Down 0.5 %

NYSE:KKR traded down $0.47 on Friday, reaching $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 stock has a 50 day moving average price of $122.22 and a 200 day moving average price of $139.57. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. 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 firm has a market cap of $90.07 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's 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 completion of the transaction, the insider now 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. TD Cowen cut their target price 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. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities reduced their price objective on shares of 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. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.33.

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.