Scotia Capital Inc. Acquires 12,054 Shares of KKR & Co. Inc. (NYSE:KKR)

Scotia Capital Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 595.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,077 shares of the asset manager's stock after buying an additional 12,054 shares during the period. Scotia Capital Inc.'s holdings in KKR & Co. Inc. were worth $2,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, 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 in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $1.24 during trading hours on Friday, hitting $103.29. 3,725,114 shares of the company's stock traded hands, compared to its average volume of 4,950,893. The firm has a market cap of $91.75 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. 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 business's fifty day simple moving average is $118.43 and its two-hundred day simple moving average is $138.68. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KKR. Wells Fargo & Company decreased their price target on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays lowered their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research report on Monday. JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America lowered 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 report 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 company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $144.93.

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.