Envestnet Asset Management Inc. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,336,716 shares of the asset manager's stock after purchasing an additional 103,924 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of KKR & Co. Inc. worth $197,714,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. Finally, HM Payson & Co. lifted its position in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective 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. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Barclays lowered their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Bank of America dropped their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.33.
Check Out Our Latest Stock Report on KKR & Co. Inc.
Insider Activity at KKR & Co. Inc.
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.
KKR & Co. Inc. Price Performance
KKR traded down $0.47 during trading on Friday, hitting $101.40. The company's stock had a trading volume of 8,299,480 shares, compared to its average volume of 4,920,666. 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 market capitalization of $90.07 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The firm's 50 day moving average price is $122.22 and its two-hundred day moving average price is $139.51. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.
KKR & Co. Inc. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.
KKR & Co. Inc. 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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