Harvest Fund Management Co. Ltd Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Harvest Fund Management Co. Ltd boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,180 shares of the asset manager's stock after purchasing an additional 4,501 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in KKR & Co. Inc. were worth $2,395,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $40,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% during 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. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 39.34% of the company's stock.

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KKR & Co. Inc. Trading Up 4.8 %

Shares of NYSE:KKR traded up $5.65 during midday trading on Monday, reaching $122.15. 5,275,719 shares of the company's stock were exchanged, compared to its average volume of 4,386,216. The stock has a market cap of $108.50 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm's 50 day simple moving average is $139.07 and its two-hundred day simple moving average is $141.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The business also recently declared 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

Several analysts recently commented on KKR shares. Oppenheimer boosted their price target 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. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $150.00 to $141.00 in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of 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. Morgan Stanley dropped their price objective on shares of 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. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $160.79.

KKR & Co. Inc. Company 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.