Sava Infond d.o.o. Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Sava Infond d.o.o. purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,915 shares of the asset manager's stock, valued at approximately $2,354,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares in the last quarter. State Street Corp raised its holdings in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock worth $3,486,977,000 after purchasing an additional 481,686 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after buying an additional 60,147 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC boosted its position in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

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Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company'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 transaction, the insider now 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 the SEC website. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KKR shares. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective 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. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded down $0.33 during trading on Monday, hitting $114.53. 1,166,312 shares of the company were exchanged, compared to its average volume of 5,326,071. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $136.07 and a 200 day moving average price of $141.69. The stock has a market capitalization of $101.73 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

KKR & Co. Inc. 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.