Connor Clark & Lunn Investment Management Ltd. boosted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 49.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,413 shares of the asset manager's stock after purchasing an additional 2,778 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in KKR & Co. Inc. were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $40,000. HM Payson & Co. increased its stake in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.
KKR & Co. Inc. Stock Down 0.1 %
KKR traded down $0.17 on Friday, reaching $116.54. The company's stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,382,648. The stock has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business's 50 day moving average is $139.07 and its 200 day moving average is $141.47.
KKR & Co. Inc. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
Insiders Place Their Bets
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have commented on KKR. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $160.79.
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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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