Capital International Inc. CA increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 348,299 shares of the asset manager's stock after buying an additional 33,826 shares during the period. Capital International Inc. CA's holdings in KKR & Co. Inc. were worth $51,517,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Coastline Trust Co increased its stake in KKR & Co. Inc. by 50.4% in the 4th quarter. Coastline Trust Co now owns 33,393 shares of the asset manager's stock worth $4,939,000 after acquiring an additional 11,193 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of KKR & Co. Inc. by 35.1% during the fourth quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager's stock worth $59,317,000 after purchasing an additional 104,274 shares in the last quarter. Forum Financial Management LP increased its position in shares of KKR & Co. Inc. by 1.3% in the fourth quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock worth $1,267,000 after purchasing an additional 111 shares during the last quarter. Capital International Ltd. CA purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $397,000. Finally, Capital Group Private Client Services Inc. lifted its position in KKR & Co. Inc. by 42.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 180,146 shares of the asset manager's stock valued at $26,645,000 after purchasing an additional 53,958 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on KKR. Barclays decreased their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Citigroup dropped their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $144.93.
Check Out Our Latest Research Report on KKR
KKR & Co. Inc. Trading Down 5.2 %
Shares of KKR & Co. Inc. stock traded down $5.37 during midday trading on Monday, reaching $98.00. 4,405,389 shares of the company's stock traded hands, compared to its average volume of 4,951,847. The stock has a 50 day moving average of $116.82 and a 200-day moving average of $138.35. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market cap of $87.05 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. 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. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.
Insider Activity at KKR & Co. Inc.
In related 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 value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by corporate insiders.
KKR & Co. Inc. Profile
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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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