National Bank of Canada FI Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

National Bank of Canada FI lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 540,705 shares of the asset manager's stock after acquiring an additional 12,851 shares during the period. National Bank of Canada FI owned approximately 0.06% of KKR & Co. Inc. worth $80,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $1,435,314,000. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC increased its stake 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 valued at $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $218,918,000. Finally, Roberts Foundation acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $147,910,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR stock traded down $18.58 during midday trading on Thursday, hitting $102.33. The company's stock had a trading volume of 13,837,975 shares, compared to its average volume of 4,679,795. The stock has a market cap of $90.89 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.00 and a beta of 1.77. 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's 50-day moving average price is $132.30 and its 200 day moving average price is $141.20. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40.

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KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KKR shares. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Barclays decreased their price target 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. Morgan Stanley dropped their price objective 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. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. 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 value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by company 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.