KKR & Co. Inc. (NYSE:KKR) Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 101.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,984 shares of the asset manager’s stock after acquiring an additional 147,207 shares during the period. Russell Investments Group Ltd.’s holdings in KKR & Co. Inc. were worth $43,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KKR. AdvisorNet Financial Inc lifted its position in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after purchasing an additional 1,759 shares in the last quarter. Arete Wealth Advisors LLC lifted its position 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 worth $1,321,000 after buying an additional 2,749 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $667,000. Caldwell Investment Management Ltd. grew its holdings in shares of KKR & Co. Inc. by 2.9% during the 4th 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 in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of KKR & Co. Inc. by 50.9% in 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 last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $97.50 on Tuesday. The stock has a 50-day simple moving average of $129.57 and a 200 day simple moving average of $140.89. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market capitalization of $86.60 billion, a PE ratio of 29.28, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 0.72%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KKR. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Barclays dropped their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.00.

About KKR & Co. Inc.

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.