Geode Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,047,900 shares of the asset manager's stock after purchasing an additional 458,048 shares during the period. Geode Capital Management LLC owned about 1.58% of KKR & Co. Inc. worth $2,073,624,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $36,000. HM Payson & Co. raised its stake 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 acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors and hedge funds.
KKR & Co. Inc. Stock Performance
NYSE:KKR traded up $3.15 during mid-day trading on Wednesday, hitting $120.99. The stock had a trading volume of 4,050,772 shares, compared to its average volume of 4,633,135. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock has a market cap of $107.47 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.00 and a beta of 1.72. The company's 50 day simple moving average is $133.56 and its 200 day simple moving average is $141.47. 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. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.
Insider Buying and Selling
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on 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. Finally, Morgan Stanley lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $160.79.
View Our Latest Stock Analysis on KKR & Co. Inc.
KKR & Co. Inc. Company Profile
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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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