KKR & Co. Inc. (NYSE:KKR) Shares Bought by Rathbones Group PLC

Rathbones Group PLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1,216.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,482 shares of the asset manager's stock after purchasing an additional 311,842 shares during the period. Rathbones Group PLC's holdings in KKR & Co. Inc. were worth $49,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Barclays reduced their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

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KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $0.47 during trading on Friday, hitting $101.40. 8,299,480 shares of the company's stock were exchanged, compared to its average volume of 4,920,666. The stock has a market capitalization of $90.07 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business has a 50-day simple moving average of $122.22 and a 200-day simple moving average of $139.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

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 issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Insider Buying and Selling

In other 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 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 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 link. 39.34% of the stock is currently 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.