18,144 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Allstate Corp

Allstate Corp purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,144 shares of the asset manager's stock, valued at approximately $2,684,000.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. GQG Partners LLC acquired a new position in KKR & Co. Inc. in the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its position in 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 valued at $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $147,910,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

Remove Ads

KKR & Co. Inc. Stock Performance

KKR stock traded up $3.15 during midday trading on Wednesday, hitting $120.99. The stock had a trading volume of 3,996,983 shares, compared to its average volume of 4,623,680. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. 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 simple moving average of $134.37 and a 200 day simple moving average of $141.62. The firm has a market capitalization of $107.47 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.58%. KKR & Co. Inc.'s payout ratio is presently 21.02%.

Analysts Set New Price Targets

KKR has been the subject of several analyst reports. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer boosted 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. Keefe, Bruyette & Woods lowered their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $160.79.

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.