KKR & Co. Inc. (NYSE:KKR) Holdings Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in KKR & Co. Inc. (NYSE:KKR) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,224 shares of the asset manager’s stock after acquiring an additional 16,684 shares during the quarter. Royal London Asset Management Ltd.’s holdings in KKR & Co. Inc. were worth $42,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth $36,000. HM Payson & Co. grew its stake in KKR & Co. Inc. by 6,800.0% during the 4th 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 last quarter. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. during the 4th quarter worth $45,000. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction 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 $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

KKR & Co. Inc. Trading Up 0.1 %

Shares of KKR & Co. Inc. stock opened at $116.71 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $103.66 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The business has a fifty day simple moving average of $139.55 and a 200-day simple moving average of $141.36. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

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.