IPG Investment Advisors LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,423 shares of the asset manager's stock, valued at approximately $1,542,000.
A number of other hedge funds also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. grew its holdings in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC grew its stake in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust increased its position in KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.
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 firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade 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 through this link. Company insiders own 39.34% of the company's stock.
KKR & Co. Inc. Price Performance
KKR & Co. Inc. stock traded up $3.15 during mid-day trading on Wednesday, hitting $120.99. 4,048,098 shares of the company traded hands, compared to its average volume of 4,623,689. The stock has a fifty day moving average price of $134.37 and a 200-day moving average price of $141.62. The stock has a market cap of $107.47 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is presently 21.02%.
Analysts Set New Price Targets
KKR has been the topic of a number of analyst reports. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of 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. Finally, HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.79.
View Our Latest Stock Analysis on KKR & Co. Inc.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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