Prudential Financial Inc. Has $54.14 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Prudential Financial Inc. lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366,038 shares of the asset manager’s stock after selling 72,051 shares during the quarter. Prudential Financial Inc.’s holdings in KKR & Co. Inc. were worth $54,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 32.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 306 shares during the last quarter. Cerity Partners LLC increased its position in KKR & Co. Inc. by 4.6% during the 3rd quarter. Cerity Partners LLC now owns 189,960 shares of the asset manager’s stock worth $24,805,000 after purchasing an additional 8,333 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in KKR & Co. Inc. in the 3rd quarter valued at approximately $255,000. Finally, Pitcairn Co. acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $216,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR stock opened at $122.15 on Tuesday. The firm has a market cap of $108.50 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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 stock has a 50-day moving average price of $138.68 and a 200-day moving average price of $141.66. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on 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. Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. 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. Finally, Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on 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 completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.