Sagespring Wealth Partners LLC Invests $831,000 in KKR & Co. Inc. (NYSE:KKR)

Sagespring Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,619 shares of the asset manager's stock, valued at approximately $831,000.

A number of other large investors also recently modified their holdings of the company. Optimize Financial Inc bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $408,000. Townsquare Capital LLC boosted its stake in shares of KKR & Co. Inc. by 47.6% during the fourth quarter. Townsquare Capital LLC now owns 20,530 shares of the asset manager's stock valued at $3,037,000 after purchasing an additional 6,617 shares during the period. Grandeur Peak Global Advisors LLC grew its stake in KKR & Co. Inc. by 5.6% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 16,372 shares of the asset manager's stock worth $2,422,000 after acquiring an additional 873 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in KKR & Co. Inc. by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302,281 shares of the asset manager's stock worth $44,680,000 after purchasing an additional 8,271 shares in the last quarter. Finally, Argent Trust Co increased its stake in shares of KKR & Co. Inc. by 6.1% during the fourth quarter. Argent Trust Co now owns 3,488 shares of the asset manager's stock valued at $516,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday. Barclays decreased their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.93.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $1.24 during trading hours on Friday, reaching $103.29. The stock had a trading volume of 3,725,114 shares, compared to its average volume of 4,952,116. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a fifty day moving average of $117.65 and a 200 day moving average of $138.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $91.75 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company Profile

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.