Clearbridge Investments LLC Acquires 334,645 Shares of KKR & Co. Inc. (NYSE:KKR)

Clearbridge Investments LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 30.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,451,150 shares of the asset manager's stock after purchasing an additional 334,645 shares during the period. Clearbridge Investments LLC owned about 0.16% of KKR & Co. Inc. worth $120,228,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $9,636,000. Vanguard Group Inc. increased its position in shares of KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after purchasing an additional 475,118 shares during the period. Smithfield Trust Co increased its position in shares of KKR & Co. Inc. by 11.6% during the fourth quarter. Smithfield Trust Co now owns 2,049 shares of the asset manager's stock valued at $171,000 after purchasing an additional 213 shares during the period. Qsemble Capital Management LP acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $3,964,000. Finally, Community Trust & Investment Co. bought a new position in KKR & Co. Inc. in the fourth quarter worth $6,615,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research note on Wednesday, May 15th. Barclays raised their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.50.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $1.62 during trading on Tuesday, reaching $106.50. The company's stock had a trading volume of 3,393,332 shares, compared to its average volume of 3,564,391. The stock has a 50-day moving average price of $98.87 and a two-hundred day moving average price of $88.60. The stock has a market capitalization of $94.51 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a one year low of $48.92 and a one year high of $107.94.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.'s dividend payout ratio is presently 15.70%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.