HighTower Advisors LLC Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

HighTower Advisors LLC boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,782 shares of the asset manager's stock after purchasing an additional 9,331 shares during the quarter. HighTower Advisors LLC's holdings in KKR & Co. Inc. were worth $14,019,000 at the end of the most recent reporting period.

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

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KKR & Co. Inc. Trading Up 0.1 %

NYSE KKR traded up $0.17 on Thursday, reaching $116.71. The stock had a trading volume of 3,450,792 shares, compared to its average volume of 4,366,109. 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 stock has a fifty day moving average price of $140.18 and a two-hundred day moving average price of $141.53. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The firm has a market capitalization of $103.66 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid 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 of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 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 company'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 transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Barclays reduced their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" 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 research note on Thursday, January 30th. HSBC downgraded 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 note on Thursday, January 30th. Finally, Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.