Winslow Capital Management LLC Sells 1,130,724 Shares of KKR & Co. Inc. (NYSE:KKR)

Winslow Capital Management LLC lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,073,500 shares of the asset manager's stock after selling 1,130,724 shares during the quarter. KKR & Co. Inc. comprises approximately 1.6% of Winslow Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Winslow Capital Management LLC owned about 0.35% of KKR & Co. Inc. worth $454,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares during the period. Institutional investors own 76.26% of the company's stock.

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KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $0.95 on Monday, hitting $102.39. 2,143,749 shares of the company traded hands, compared to its average volume of 4,918,682. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. 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 $90.95 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.00 and a beta of 1.77. The firm's 50-day simple moving average is $122.22 and its 200 day simple moving average is $139.57.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of several research analyst reports. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday. Citigroup lowered their target price on 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. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.53.

Insider Activity

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

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.