Tower Research Capital LLC TRC Increases Stake in KKR & Co. Inc. (NYSE:KKR)

Tower Research Capital LLC TRC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 57.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,633 shares of the asset manager's stock after purchasing an additional 17,056 shares during the period. Tower Research Capital LLC TRC's holdings in KKR & Co. Inc. were worth $6,897,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after buying an additional 441,817 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after purchasing an additional 458,048 shares during the last quarter. FMR LLC lifted its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the period. Norges Bank bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $1,435,314,000. Finally, Charles Schwab Investment Management Inc. raised its stake in KKR & Co. Inc. by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager's stock valued at $557,965,000 after buying an additional 85,461 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.5 %

Shares of KKR & Co. Inc. stock traded up $0.56 on Friday, reaching $113.81. The company had a trading volume of 3,554,483 shares, compared to its average volume of 4,984,225. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market cap of $101.09 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's 50-day moving average price is $114.31 and its two-hundred day moving average price is $137.63.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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 0.62%. KKR & Co. Inc.'s payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company reduced their price objective 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. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods dropped their price target on shares of 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. Finally, JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One equities research 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $144.93.

Insider Buying and Selling

In other 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 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 in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. 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 owned by corporate 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.