Xponance Inc. Has $16.48 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Xponance Inc. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 111,394 shares of the asset manager’s stock after buying an additional 4,022 shares during the quarter. Xponance Inc.’s holdings in KKR & Co. Inc. were worth $16,476,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in shares of KKR & Co. Inc. by 417.8% during 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after purchasing an additional 4,719 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $667,000. Caldwell Investment Management Ltd. grew its stake in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after purchasing an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after acquiring an additional 4,481 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KKR shares. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley reduced their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s 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 $634,841,604.16. This 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 is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Up 2.2 %

Shares of NYSE:KKR opened at $115.76 on Tuesday. The company has a market capitalization of $102.82 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. 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 business’s 50 day simple moving average is $141.46 and its 200 day simple moving average is $141.78.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.