KKR & Co. Inc. (NYSE:KKR) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 23.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,920 shares of the asset manager’s stock after selling 9,655 shares during the period. Jackson Square Partners LLC’s holdings in KKR & Co. Inc. were worth $4,721,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KKR. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after buying an additional 441,817 shares during the period. State Street Corp lifted its position in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after buying an additional 481,686 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after purchasing an additional 60,147 shares during the period. Geode Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 4.8 %

Shares of NYSE KKR opened at $122.15 on Tuesday. The firm has a market capitalization of $108.50 billion, a PE ratio of 36.68, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $138.68 and a two-hundred day moving average price of $141.66.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 0.57%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KKR shares. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Barclays decreased 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. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $160.79.

Insiders Place Their Bets

In related 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company 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.