Capital International Ltd. CA acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,682 shares of the asset manager's stock, valued at approximately $397,000.
Other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. increased its stake in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.
KKR & Co. Inc. Price Performance
KKR & Co. Inc. stock traded down $5.37 during midday trading on Monday, reaching $98.00. 4,405,389 shares of the company were exchanged, compared to its average volume of 4,951,847. The firm's 50-day simple moving average is $116.82 and its 200-day simple moving average is $138.35. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $87.05 billion, a price-to-earnings ratio of 29.43, a P/E/G 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. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley reduced their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $144.93.
Read Our Latest Research Report on KKR & Co. Inc.
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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.
About KKR & Co. Inc.
(
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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