Cushing Capital Partners LLC Buys New Position in KKR & Co. Inc. (NYSE:KKR)

Cushing Capital Partners LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,484 shares of the asset manager's stock, valued at approximately $2,586,000. KKR & Co. Inc. comprises about 2.5% of Cushing Capital Partners LLC's holdings, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its holdings in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after purchasing an additional 69 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KKR. Wells Fargo & Company cut their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. The Goldman Sachs Group increased their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Morgan Stanley reduced 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 note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $161.43.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

KKR stock traded up $4.85 during midday trading on Friday, hitting $113.54. The company's stock had a trading volume of 6,824,404 shares, compared to its average volume of 4,342,970. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month 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 $100.85 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a 50 day moving average of $142.93 and a two-hundred day moving average of $141.61.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.62%. KKR & Co. Inc.'s payout ratio is presently 21.02%.

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.