KKR & Co. Inc. (NYSE:KKR) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336,716 shares of the asset manager’s stock after purchasing an additional 103,924 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of KKR & Co. Inc. worth $197,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $1,435,314,000. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $218,918,000. Finally, Roberts Foundation purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $147,910,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Bank of America lowered their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods reduced their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $163.00.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $92.74 on Monday. KKR & Co. Inc. has a 12 month low of $86.13 and a 12 month high of $170.40. The company has a market cap of $82.38 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. The business’s 50 day moving average is $130.85 and its two-hundred day moving average is $141.14. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The business 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 0.75%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 39.34% of the company’s stock.

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.