KKR & Co. Inc. (NYSE:KKR) Holdings Lessened by Marvin & Palmer Associates Inc.

Marvin & Palmer Associates Inc. trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,377 shares of the asset manager's stock after selling 10,548 shares during the period. KKR & Co. Inc. makes up about 5.6% of Marvin & Palmer Associates Inc.'s portfolio, making the stock its 4th biggest position. Marvin & Palmer Associates Inc.'s holdings in KKR & Co. Inc. were worth $7,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock valued at $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP grew its position in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after buying an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock valued at $2,194,840,000 after buying an additional 124,257 shares during the period. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC grew its holdings in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

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KKR & Co. Inc. Price Performance

Shares of KKR stock traded down $5.85 on Thursday, reaching $108.52. 7,529,292 shares of the company were exchanged, compared to its average volume of 5,523,748. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business has a 50-day moving average price of $143.74 and a 200 day moving average price of $141.84. The company has a market cap of $96.39 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent analyst reports. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.43.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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.