Daiwa Securities Group Inc. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,566 shares of the asset manager's stock after acquiring an additional 13,353 shares during the period. Daiwa Securities Group Inc.'s holdings in KKR & Co. Inc. were worth $13,691,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. HM Payson & Co. lifted its position in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 76.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on KKR. 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. Wells Fargo & Company reduced 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. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $161.43.
Check Out Our Latest Analysis on KKR & Co. Inc.
Insider Transactions at KKR & Co. Inc.
In other 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 transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 39.34% of the company's stock.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. stock traded up $4.85 during trading hours on Friday, reaching $113.54. 6,824,404 shares of the stock were exchanged, compared to its average volume of 4,342,970. The stock has a market cap of $100.85 billion, a P/E ratio of 34.10, 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 quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The firm's 50 day moving average is $142.93 and its 200 day moving average is $141.61.
KKR & Co. Inc. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. 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 0.62%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 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.
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