Nomura Asset Management Co. Ltd. Raises Position in KKR & Co. Inc. (NYSE:KKR)

Nomura Asset Management Co. Ltd. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 67.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,793 shares of the asset manager's stock after acquiring an additional 153,567 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in KKR & Co. Inc. were worth $56,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KKR. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock valued at $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. State Street Corp raised its holdings in KKR & Co. Inc. by 1.8% in 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 acquiring an additional 481,686 shares in the last quarter. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after acquiring an additional 60,147 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. Finally, Norges Bank acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

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KKR & Co. Inc. Trading Up 1.9 %

Shares of NYSE:KKR traded up $2.21 during trading on Tuesday, reaching $117.82. The stock had a trading volume of 3,006,509 shares, compared to its average volume of 4,612,445. The stock has a market cap of $104.65 billion, a P/E ratio of 35.40, 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The business has a fifty day moving average price of $135.23 and a 200-day moving average price of $141.65.

KKR & Co. Inc. Announces Dividend

The company also recently announced 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 yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KKR. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus 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 that occurred on 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is 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.