Massachusetts Financial Services Co. MA Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Massachusetts Financial Services Co. MA lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,690,326 shares of the asset manager's stock after selling 118,064 shares during the period. KKR & Co. Inc. comprises 0.8% of Massachusetts Financial Services Co. MA's holdings, making the stock its 21st largest position. Massachusetts Financial Services Co. MA owned approximately 1.88% of KKR & Co. Inc. worth $2,468,666,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the period. Raymond James Financial Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation bought a new position in KKR & Co. Inc. during the fourth quarter valued at $147,910,000. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America reduced their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.00.

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KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $9.81 during midday trading on Friday, hitting $92.74. 19,024,123 shares of the company's stock were exchanged, compared to its average volume of 4,755,348. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business's fifty day moving average price is $130.85 and its two-hundred day moving average price is $141.06. The company has a market cap of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12-month low of $88.76 and a 12-month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid 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 0.75%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company's stock.

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.