Banco BTG Pactual S.A. Takes $546,000 Position in KKR & Co. Inc. (NYSE:KKR)

Banco BTG Pactual S.A. acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,663 shares of the asset manager's stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after buying an additional 1,759 shares during the period. Whalen Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $667,000. Caldwell Investment Management Ltd. raised its holdings in KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock worth $31,477,000 after purchasing an additional 5,900 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in shares of KKR & Co. Inc. by 31.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager's stock worth $12,110,000 after purchasing an additional 22,007 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

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 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. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.34% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of brokerages recently weighed in on KKR. Keefe, Bruyette & Woods lowered their target price on shares of 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. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

KKR & Co. Inc. Stock Down 2.2 %

Shares of KKR traded down $2.64 on Friday, reaching $114.90. The company's stock had a trading volume of 6,223,634 shares, compared to its average volume of 4,611,496. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock has a market capitalization of $102.06 billion, a PE ratio of 34.51, a PEG 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 firm has a fifty day moving average of $136.07 and a 200-day moving average of $141.52.

KKR & Co. Inc. Dividend Announcement

The company 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 was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.