Allianz SE purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,000 shares of the asset manager's stock, valued at approximately $1,187,000.
Other institutional investors also recently bought and sold shares of the company. Allstate Corp purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $2,684,000. Brown Brothers Harriman & Co. raised its stake in KKR & Co. Inc. by 22.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the asset manager's stock valued at $237,000 after purchasing an additional 288 shares during the period. Gardner Lewis Asset Management L P bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $941,000. DnB Asset Management AS lifted its holdings in shares of KKR & Co. Inc. by 6.0% in the fourth quarter. DnB Asset Management AS now owns 208,223 shares of the asset manager's stock worth $30,798,000 after buying an additional 11,792 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its position in shares of KKR & Co. Inc. by 4.3% during the fourth quarter. Level Four Advisory Services LLC now owns 14,558 shares of the asset manager's stock worth $2,153,000 after acquiring an additional 595 shares during the last quarter. 76.26% of the stock is owned by institutional investors.
Insider Transactions at KKR & Co. Inc.
In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company's stock.
KKR & Co. Inc. Price Performance
Shares of NYSE:KKR traded down $13.76 during midday trading on Thursday, reaching $107.14. 5,874,289 shares of the company's stock traded hands, compared to its average volume of 5,368,377. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a fifty day simple moving average of $133.56 and a two-hundred day simple moving average of $141.47. The company has a market cap of $95.17 billion, a P/E ratio of 32.17, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40.
KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, 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. 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. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $160.79.
Get Our Latest Research Report on KKR
KKR & Co. Inc. Profile
(
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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