Alliancebernstein L.P. increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,636 shares of the asset manager's stock after purchasing an additional 120,928 shares during the quarter. Alliancebernstein L.P. owned approximately 0.10% of KKR & Co. Inc. worth $125,078,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $36,000. HM Payson & Co. raised 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 purchasing an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on KKR. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Finally, Barclays reduced their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.
Get Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Trading Down 9.6 %
NYSE KKR traded down $9.81 during trading on Friday, reaching $92.74. 19,024,123 shares of the stock traded hands, compared to its average volume of 4,747,012. KKR & Co. Inc. has a fifty-two week low of $88.76 and a fifty-two week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $82.38 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The stock's 50-day moving average price is $130.85 and its 200 day moving average price is $140.97.
KKR & Co. Inc. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.75%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.
Insider Transactions at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by insiders.
KKR & Co. Inc. 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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