Royal London Asset Management Ltd. Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Royal London Asset Management Ltd. raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,224 shares of the asset manager's stock after purchasing an additional 16,684 shares during the quarter. Royal London Asset Management Ltd.'s holdings in KKR & Co. Inc. were worth $42,483,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd grew its stake in shares of KKR & Co. Inc. by 38.5% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 16,180 shares of the asset manager's stock valued at $2,395,000 after acquiring an additional 4,501 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth $71,000. Xponance Inc. increased its holdings in shares of KKR & Co. Inc. by 3.7% in the 4th quarter. Xponance Inc. now owns 111,394 shares of the asset manager's stock worth $16,476,000 after acquiring an additional 4,022 shares during the period. Evoke Wealth LLC raised its holdings in shares of KKR & Co. Inc. by 12.8% during the fourth quarter. Evoke Wealth LLC now owns 5,108 shares of the asset manager's stock valued at $756,000 after buying an additional 581 shares during the last quarter. Finally, Horizon Investments LLC boosted its position in KKR & Co. Inc. by 1.4% during the 4th quarter. Horizon Investments LLC now owns 10,586 shares of the asset manager's stock worth $1,566,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

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KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $0.30 during midday trading on Tuesday, reaching $122.27. The company had a trading volume of 3,955,044 shares, compared to its average volume of 4,385,216. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company's 50 day moving average price is $138.68 and its 200 day moving average price is $141.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $108.61 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.00 and a beta of 1.72.

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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Insider Buying and Selling

In related 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 transaction 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. This trade represents a 23.75 % decrease in their position. 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KKR shares. Barclays reduced their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $160.79.

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.