Rathbones Group PLC Has $49.92 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Rathbones Group PLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 1,216.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 337,482 shares of the asset manager’s stock after acquiring an additional 311,842 shares during the period. Rathbones Group PLC’s holdings in KKR & Co. Inc. were worth $49,917,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Employees Retirement System of Texas bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $1,905,000. FMR LLC boosted its position in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after acquiring an additional 752,056 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $1,354,000. Waterloo Capital L.P. bought a new position in KKR & Co. Inc. during the fourth quarter worth $210,000. Finally, Russell Investments Group Ltd. raised its stake in KKR & Co. Inc. by 101.0% during the 4th quarter. Russell Investments Group Ltd. now owns 292,984 shares of the asset manager’s stock valued at $43,361,000 after purchasing an additional 147,207 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KKR. Keefe, Bruyette & Woods dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays reduced their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.00.

KKR & Co. Inc. Price Performance

KKR opened at $92.74 on Monday. 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 stock has a market capitalization of $82.38 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company’s 50 day simple moving average is $130.85 and its 200-day simple moving average is $141.14. KKR & Co. Inc. has a one year low of $86.13 and a one year high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently announced 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 0.75%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

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.