Natixis Advisors LLC Increases Position in KKR & Co. Inc. (NYSE:KKR)

Natixis Advisors LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 576,741 shares of the asset manager's stock after acquiring an additional 5,652 shares during the period. Natixis Advisors LLC owned about 0.06% of KKR & Co. Inc. worth $85,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. HM Payson & Co. increased its position in KKR & Co. Inc. by 6,800.0% during the fourth 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 period. Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $45,000. Finally, Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $40,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.34% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KKR. Oppenheimer raised 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 report on Thursday, December 12th. Morgan Stanley reduced 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 report on Thursday, February 6th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Finally, HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $1.82 on Tuesday, reaching $113.86. The stock had a trading volume of 1,876,561 shares, compared to its average volume of 4,350,139. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm has a market capitalization of $101.14 billion, a PE ratio of 34.20, a PEG ratio of 1.00 and a beta of 1.72. The firm has a 50-day moving average of $141.46 and a 200 day moving average of $141.78. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

About KKR & Co. Inc.

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.