KKR & Co. Inc. (NYSE:KKR) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,150,636 shares of the asset manager's stock after acquiring an additional 600,696 shares during the period. Northern Trust Corp owned about 0.69% of KKR & Co. Inc. worth $909,741,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its holdings in KKR & Co. Inc. by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 85,002 shares of the asset manager's stock worth $12,573,000 after acquiring an additional 226 shares in the last quarter. Quarry LP grew its holdings in KKR & Co. Inc. by 228.9% in the 4th quarter. Quarry LP now owns 786 shares of the asset manager's stock worth $116,000 after buying an additional 547 shares in the last quarter. Prosperity Consulting Group LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $285,000. Coldstream Capital Management Inc. grew its holdings in KKR & Co. Inc. by 28.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager's stock worth $622,000 after buying an additional 941 shares in the last quarter. Finally, Rothschild Capital Partners LLC bought a new position in KKR & Co. Inc. during the 4th quarter valued at $294,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, 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 available through this link. Corporate insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays decreased their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $144.93.

KKR & Co. Inc. Stock Up 0.2 %

KKR opened at $113.86 on Tuesday. The business has a 50 day moving average price of $113.82 and a 200 day moving average price of $137.53. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $101.14 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 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.

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