Wellington Management Group LLP Sells 1,487,832 Shares of KKR & Co. Inc. (NYSE:KKR)

Wellington Management Group LLP trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,944,995 shares of the asset manager's stock after selling 1,487,832 shares during the period. Wellington Management Group LLP owned about 2.47% of KKR & Co. Inc. worth $3,245,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $36,000. HM Payson & Co. increased its position 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 purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $3.15 on Wednesday, hitting $120.99. 4,050,772 shares of the company were exchanged, compared to its average volume of 4,623,714. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The firm has a 50 day moving average of $134.37 and a two-hundred day moving average of $141.62. 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 company has a market cap of $107.47 billion, a P/E ratio of 36.33, a P/E/G ratio of 1.00 and a beta of 1.72.

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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 paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.58%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction 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 owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KKR. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, Morgan Stanley decreased their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.79.

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.