Jupiter Asset Management Ltd. Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Jupiter Asset Management Ltd. increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,184 shares of the asset manager's stock after buying an additional 38,524 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in KKR & Co. Inc. were worth $16,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KKR. AdvisorNet Financial Inc increased its position in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock valued at $7,559,000 after purchasing an additional 4,719 shares during the period. Whalen Wealth Management Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth $667,000. Caldwell Investment Management Ltd. lifted its holdings in KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock worth $31,477,000 after buying an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in shares of KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after buying an additional 4,481 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Remove Ads

Insiders Place Their Bets

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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 5.1 %

Shares of NYSE:KKR traded down $5.85 during trading on Thursday, reaching $108.52. 7,529,292 shares of the stock were exchanged, compared to its average volume of 5,523,748. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The stock has a fifty day moving average of $142.93 and a two-hundred day moving average of $141.61. 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 firm has a market cap of $96.39 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KKR. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer boosted their price target on shares of 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 decreased their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays cut their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $161.43.

About KKR & Co. Inc.

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.