Coastline Trust Co grew its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,393 shares of the asset manager's stock after buying an additional 11,193 shares during the quarter. Coastline Trust Co's holdings in KKR & Co. Inc. were worth $4,939,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $36,000. Finally, HM Payson & Co. raised 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 valued at $41,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.
Insider Transactions at KKR & Co. Inc.
In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is owned by insiders.
KKR & Co. Inc. Stock Down 5.2 %
Shares of KKR traded down $5.37 on Monday, hitting $98.00. The company's stock had a trading volume of 4,405,389 shares, compared to its average volume of 4,951,847. The firm's fifty day moving average price is $116.82 and its 200-day moving average price is $138.35. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm 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.
KKR & Co. Inc. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend 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 (DPR) is presently 21.02%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays lowered their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Finally, TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $144.93.
Check Out Our Latest Report on KKR
KKR & Co. Inc. Profile
(
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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