NewEdge Advisors LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,829 shares of the asset manager's stock after acquiring an additional 7,802 shares during the period. NewEdge Advisors LLC's holdings in KKR & Co. Inc. were worth $8,258,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in KKR. Insigneo Advisory Services LLC increased its holdings in KKR & Co. Inc. by 33.2% in the fourth quarter. Insigneo Advisory Services LLC now owns 7,525 shares of the asset manager's stock valued at $1,113,000 after purchasing an additional 1,877 shares during the last quarter. Main Street Financial Solutions LLC raised its position in shares of KKR & Co. Inc. by 88.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 3,686 shares of the asset manager's stock valued at $545,000 after acquiring an additional 1,725 shares during the period. Evergreen Capital Management LLC boosted its stake in KKR & Co. Inc. by 5.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,577 shares of the asset manager's stock worth $529,000 after acquiring an additional 179 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $5,029,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $1,760,000. Institutional investors and hedge funds own 76.26% of the company's stock.
Insider Buying and Selling
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 shares were sold at an average price of $32.96, for a total value 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. The trade was 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 this hyperlink. 39.34% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on KKR shares. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Citigroup lowered their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. TD Cowen decreased their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.93.
Check Out Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Stock Up 4.6 %
KKR traded up $4.71 during trading on Wednesday, reaching $106.99. 6,837,956 shares of the stock were exchanged, compared to its average volume of 4,972,574. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock's 50 day moving average price is $116.08 and its two-hundred day moving average price is $138.09. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market cap of $95.03 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Announces Dividend
The company 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. The ex-dividend date of this dividend 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 currently 21.02%.
KKR & Co. Inc. Company 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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