Price T Rowe Associates Inc. MD Has $453.52 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Price T Rowe Associates Inc. MD lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,066,190 shares of the asset manager's stock after acquiring an additional 384,981 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.35% of KKR & Co. Inc. worth $453,522,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KKR. AdvisorNet Financial Inc boosted its holdings in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after purchasing an additional 1,759 shares during the period. Arete Wealth Advisors LLC raised its stake in KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after acquiring an additional 2,749 shares during the period. Whalen Wealth Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. boosted its stake in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after acquiring an additional 5,900 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $1.57 on Wednesday, hitting $112.78. 1,110,625 shares of the company's stock traded hands, compared to its average volume of 4,980,643. 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 stock has a market cap of $100.18 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock has a fifty day moving average of $113.42 and a 200-day moving average of $137.37.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Insider Buying and Selling

In other 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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JMP Securities lowered 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. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Citigroup reduced their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.93.

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.