TRB Advisors LP grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 200.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the asset manager's stock after purchasing an additional 100,000 shares during the period. KKR & Co. Inc. makes up 3.7% of TRB Advisors LP's investment portfolio, making the stock its 6th biggest holding. TRB Advisors LP's holdings in KKR & Co. Inc. were worth $22,186,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $36,000. HM Payson & Co. lifted its position in KKR & Co. Inc. by 6,800.0% in 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 in the last quarter. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 76.26% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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 issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.
View Our Latest Stock Report on KKR & Co. Inc.
Insider Buying and Selling
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company'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 transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by insiders.
KKR & Co. Inc. Stock Performance
NYSE KKR traded down $2.70 during trading on Wednesday, hitting $119.48. 3,165,968 shares of the company's stock traded hands, compared to its average volume of 4,395,918. 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 has a market capitalization of $106.13 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The business has a 50 day moving average of $138.26 and a 200-day moving average of $141.71.
KKR & Co. Inc. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.'s payout ratio is 21.02%.
About KKR & Co. Inc.
(
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.
Further Reading
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