Stifel Financial Corp Acquires 43,770 Shares of KKR & Co. Inc. (NYSE:KKR)

Stifel Financial Corp lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,427 shares of the asset manager's stock after purchasing an additional 43,770 shares during the period. Stifel Financial Corp's holdings in KKR & Co. Inc. were worth $56,418,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its position in KKR & Co. Inc. by 16.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 30,769 shares of the asset manager's stock worth $4,555,000 after buying an additional 4,331 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $13,998,000. Tower Research Capital LLC TRC raised its stake in KKR & Co. Inc. by 57.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 46,633 shares of the asset manager's stock worth $6,897,000 after acquiring an additional 17,056 shares during the period. MML Investors Services LLC lifted its holdings in KKR & Co. Inc. by 29.5% during the fourth quarter. MML Investors Services LLC now owns 91,195 shares of the asset manager's stock valued at $13,489,000 after purchasing an additional 20,782 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 1.6% in the fourth quarter. MetLife Investment Management LLC now owns 187,195 shares of the asset manager's stock worth $27,688,000 after purchasing an additional 3,011 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $102.10 on Wednesday. The firm has a market capitalization of $90.69 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $116.08 and a 200-day simple moving average of $138.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JMP Securities dropped their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Barclays decreased their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Finally, Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One 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 given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $144.93.

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.

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