KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 57.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,633 shares of the asset manager's stock after buying an additional 17,056 shares during the period. Tower Research Capital LLC TRC's holdings in KKR & Co. Inc. were worth $6,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. lifted its stake 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 valued at $41,000 after purchasing an additional 272 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

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 on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent analyst reports. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Barclays dropped their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.93.

KKR & Co. Inc. Stock Up 4.6 %

KKR traded up $4.71 on Wednesday, hitting $106.99. The company had a trading volume of 7,390,098 shares, compared to its average volume of 4,980,429. The stock has a market capitalization of $95.03 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.00 and a beta of 1.77. 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 fifty day moving average price of $115.40 and a 200-day moving average price of $137.88. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

KKR & Co. Inc. 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.