KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Amundi

Amundi lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 51.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,136,126 shares of the asset manager’s stock after buying an additional 728,515 shares during the period. Amundi’s holdings in KKR & Co. Inc. were worth $316,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Naviter Wealth LLC lifted its stake in shares of KKR & Co. Inc. by 11.8% during the fourth quarter. Naviter Wealth LLC now owns 2,543 shares of the asset manager’s stock worth $376,000 after buying an additional 268 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $89,000. HM Payson & Co. lifted its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares during the period. Larson Financial Group LLC lifted its stake in shares of KKR & Co. Inc. by 4.0% during the fourth quarter. Larson Financial Group LLC now owns 34,588 shares of the asset manager’s stock worth $5,116,000 after buying an additional 1,316 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $331,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KKR shares. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer boosted 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. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays reduced their price target 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Down 0.6 %

KKR stock opened at $115.39 on Friday. The business’s 50-day moving average is $145.94 and its 200 day moving average is $142.01. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The stock has a market cap of $102.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.00 and a beta of 1.72. 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. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

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.