CIBC Private Wealth Group LLC Purchases 2,775 Shares of KKR & Co. Inc. (NYSE:KKR)

CIBC Private Wealth Group LLC raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,331 shares of the asset manager's stock after buying an additional 2,775 shares during the quarter. CIBC Private Wealth Group LLC's holdings in KKR & Co. Inc. were worth $3,310,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. IPG Investment Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $1,542,000. Dorsey Wright & Associates purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $5,430,000. Schroder Investment Management Group boosted its stake in KKR & Co. Inc. by 19.5% in the 4th quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock worth $11,884,000 after purchasing an additional 13,065 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in KKR & Co. Inc. by 104.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 56,423 shares of the asset manager's stock valued at $8,346,000 after buying an additional 28,862 shares in the last quarter. Finally, Strategy Asset Managers LLC increased its position in shares of KKR & Co. Inc. by 25.4% during the fourth quarter. Strategy Asset Managers LLC now owns 6,968 shares of the asset manager's stock valued at $1,031,000 after buying an additional 1,412 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on KKR. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Bank of America decreased their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday. HSBC cut 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 research 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $163.00.

KKR & Co. Inc. Trading Down 9.6 %

Shares of KKR & Co. Inc. stock traded down $9.81 on Friday, hitting $92.74. The stock had a trading volume of 19,024,123 shares, compared to its average volume of 4,747,012. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a one year low of $88.76 and a one year high of $170.40. The stock's 50-day simple moving average is $130.85 and its two-hundred day simple moving average is $140.97. The stock has a market cap of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 0.75%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 sale, the insider now owns 19,260,971 shares of the company's stock, valued at $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 is available through this link. 39.34% of the stock is currently owned by company insiders.

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.