Mizuho Securities USA LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

Mizuho Securities USA LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,980 shares of the asset manager's stock after buying an additional 20,247 shares during the period. Mizuho Securities USA LLC's holdings in KKR & Co. Inc. were worth $9,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its position in KKR & Co. Inc. by 12.4% during the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager's stock worth $8,112,000 after purchasing an additional 6,873 shares during the period. Caprock Group LLC raised its holdings in KKR & Co. Inc. by 76.6% in the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager's stock worth $798,000 after acquiring an additional 2,651 shares during the period. Banque Cantonale Vaudoise acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $100,000. PNC Financial Services Group Inc. boosted its holdings in KKR & Co. Inc. by 11.9% during the third quarter. PNC Financial Services Group Inc. now owns 203,294 shares of the asset manager's stock valued at $26,546,000 after acquiring an additional 21,648 shares during the period. Finally, Commerce Bank boosted its holdings in KKR & Co. Inc. by 7.5% during the third quarter. Commerce Bank now owns 13,951 shares of the asset manager's stock valued at $1,822,000 after acquiring an additional 978 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

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KKR & Co. Inc. Price Performance

Shares of KKR stock traded down $2.70 during mid-day trading on Wednesday, hitting $119.48. The company had a trading volume of 3,165,968 shares, compared to its average volume of 4,395,918. The company has a market capitalization of $106.13 billion, a P/E ratio of 35.88, a P/E/G ratio of 1.00 and a beta of 1.72. The stock's 50 day moving average price is $138.26 and its 200-day moving average price is $141.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.'s payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. 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. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company raised 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. Finally, Keefe, Bruyette & Woods dropped 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 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 company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 19,260,971 shares of the company's stock, 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 filing with the SEC, which is available at this link. 39.34% of the stock is owned by corporate insiders.

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.