Blair William & Co. IL Buys 2,309 Shares of KKR & Co. Inc. (NYSE:KKR)

Blair William & Co. IL increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,132 shares of the asset manager's stock after purchasing an additional 2,309 shares during the period. Blair William & Co. IL's holdings in KKR & Co. Inc. were worth $4,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $36,000. HM Payson & Co. increased its holdings in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on 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 owns 19,260,971 shares in the company, 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 SEC, which is available at this hyperlink. Company insiders own 39.34% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. Oppenheimer upped 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. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Barclays dropped their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One 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. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $3.15 on Wednesday, reaching $120.99. The stock had a trading volume of 4,050,772 shares, compared to its average volume of 4,633,135. 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. has a 1 year low of $91.92 and a 1 year high of $170.40. The stock has a market cap of $107.47 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a 50 day simple moving average of $134.37 and a 200 day simple moving average of $141.62.

KKR & Co. Inc. Dividend Announcement

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