Natixis Advisors LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 576,741 shares of the asset manager's stock after buying an additional 5,652 shares during the period. Natixis Advisors LLC owned about 0.06% of KKR & Co. Inc. worth $85,306,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of KKR. Proficio Capital Partners LLC raised its holdings in 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 buying an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $218,918,000. Roberts Foundation bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $147,910,000. Amundi lifted its holdings in shares of KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager's stock worth $316,659,000 after purchasing an additional 728,515 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock worth $156,199,000 after purchasing an additional 503,365 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.
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 firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.
KKR & Co. Inc. Stock Up 2.2 %
KKR traded up $2.45 during midday trading on Monday, hitting $115.76. The company had a trading volume of 5,190,596 shares, compared to its average volume of 4,339,732. The stock's 50 day moving average price is $142.16 and its 200 day moving average price is $141.82. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a market capitalization of $102.82 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.
KKR & Co. Inc. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on KKR shares. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley cut their price objective on 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. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. 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, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $161.43.
View Our Latest Research Report on KKR & Co. Inc.
KKR & Co. Inc. Profile
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Free Report)
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.
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