KKR & Co. Inc. (NYSE:KKR) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 24.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,946 shares of the asset manager's stock after acquiring an additional 7,105 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in KKR & Co. Inc. were worth $5,317,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. HM Payson & Co. boosted its holdings in KKR & Co. Inc. by 6,800.0% during the 4th 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 period. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the 4th quarter valued at $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $150.00 to $141.00 in a research note on Thursday. 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 shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Oppenheimer increased their price objective 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. Finally, Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

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Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 0.1 %

NYSE KKR traded down $0.17 during trading on Friday, hitting $116.54. The company's stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,375,473. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a market cap of $103.52 billion, a PE ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. 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 business's 50 day simple moving average is $139.07 and its 200-day simple moving average is $141.31.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

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.