KKR & Co. Inc. (NYSE:KKR) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its stake in KKR & Co. Inc. (NYSE:KKR) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806 shares of the asset manager’s stock after selling 212 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KKR. Assenagon Asset Management S.A. raised its stake in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after purchasing an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after buying an additional 503,365 shares during the last quarter. State Street Corp raised its stake in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares in the last quarter. Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after acquiring an additional 339,946 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Up 1.0 %

Shares of KKR stock opened at $140.73 on Tuesday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a market capitalization of $125.00 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The stock has a fifty day moving average of $152.24 and a two-hundred day moving average of $140.55. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio 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.