KKR & Co. Inc. (NYSE:KKR) Holdings Lifted by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,146 shares of the asset manager’s stock after acquiring an additional 53,958 shares during the period. Capital Group Private Client Services Inc.’s holdings in KKR & Co. Inc. were worth $26,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Pine Valley Investments Ltd Liability Co bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $233,000. World Investment Advisors LLC grew its position in KKR & Co. Inc. by 17.1% in the third quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager’s stock worth $2,637,000 after buying an additional 2,954 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in KKR & Co. Inc. in the third quarter worth approximately $2,686,000. Tidal Investments LLC increased its holdings in shares of KKR & Co. Inc. by 12.1% in the third quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager’s stock valued at $7,195,000 after buying an additional 5,935 shares in the last quarter. Finally, American Trust acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $202,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR opened at $103.29 on Friday. The stock has a fifty day moving average price of $118.43 and a 200 day moving average price of $138.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $91.75 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Analyst Ratings Changes

KKR has been the topic of a number of recent research reports. Barclays decreased their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JMP Securities dropped their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction on 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. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

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.