Bowen Hanes & Co. Inc. Buys Shares of 40,560 KKR & Co. Inc. (NYSE:KKR)

Bowen Hanes & Co. Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 40,560 shares of the asset manager's stock, valued at approximately $5,999,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. HM Payson & Co. increased its holdings in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $2.45 during trading hours on Monday, hitting $115.76. 5,190,596 shares of the company were exchanged, compared to its average volume of 4,339,729. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a market cap of $102.82 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.00 and a beta of 1.72. The firm's fifty day moving average is $142.16 and its 200 day moving average is $141.82.

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KKR & Co. Inc. Dividend Announcement

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

Insiders Place Their Bets

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. Corporate insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. HSBC downgraded shares of 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. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $161.43.

KKR & Co. Inc. 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.