KKR & Co. Inc. (NYSE:KKR) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 86.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,404 shares of the asset manager's stock after selling 15,514 shares during the quarter. XTX Topco Ltd's holdings in KKR & Co. Inc. were worth $356,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hanlon Investment Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $788,000. CreativeOne Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $285,000. SageView Advisory Group LLC raised its position in shares of KKR & Co. Inc. by 17.0% during the 4th quarter. SageView Advisory Group LLC now owns 6,638 shares of the asset manager's stock worth $982,000 after purchasing an additional 964 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of KKR & Co. Inc. by 1.3% in the fourth quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock worth $1,230,000 after acquiring an additional 110 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $831,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KKR shares. Barclays dropped their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.93.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.2 %

Shares of NYSE KKR traded down $0.18 during trading on Tuesday, reaching $113.75. The stock had a trading volume of 1,124,599 shares, compared to its average volume of 5,985,928. The company has a market cap of $101.04 billion, a P/E ratio of 34.16, a PEG ratio of 1.00 and a beta of 1.77. 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 business's 50-day moving average price is $113.82 and its 200-day moving average price is $137.53. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

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

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.