T. Rowe Price Investment Management Inc. Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

T. Rowe Price Investment Management Inc. reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 85.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 411,559 shares of the asset manager’s stock after selling 2,342,728 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in KKR & Co. Inc. were worth $60,874,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $1,435,314,000. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its stake 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $218,918,000. Finally, Roberts Foundation purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $147,910,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

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 dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock 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 research note on Tuesday, April 15th. Finally, TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $113.81 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $101.09 billion, a P/E ratio of 34.18, a PEG ratio of 1.00 and a beta of 1.77. 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 company has a 50-day moving average of $114.31 and a two-hundred day moving average of $137.63.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. 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.