Xponance Inc. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Xponance Inc. grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,394 shares of the asset manager's stock after buying an additional 4,022 shares during the quarter. Xponance Inc.'s holdings in KKR & Co. Inc. were worth $16,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth $218,918,000. Roberts Foundation acquired a new position in KKR & Co. Inc. during the 4th quarter worth $147,910,000. Amundi grew its stake in KKR & Co. Inc. by 51.8% during the 4th quarter. Amundi now owns 2,136,126 shares of the asset manager's stock worth $316,659,000 after purchasing an additional 728,515 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock worth $156,199,000 after purchasing an additional 503,365 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is owned by insiders.

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KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $0.17 during mid-day trading on Friday, reaching $116.54. 6,082,929 shares of the company were exchanged, compared to its average volume of 4,375,473. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm's 50-day simple moving average is $139.07 and its two-hundred day simple moving average is $141.31. 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 firm has a market cap of $103.52 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.'s payout ratio is 21.02%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $150.00 to $141.00 in a report on Thursday. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Finally, Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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.