one8zero8 LLC Takes $653,000 Position in KKR & Co. Inc. (NYSE:KKR)

one8zero8 LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,416 shares of the asset manager's stock, valued at approximately $653,000.

A number of other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $40,000. 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 purchasing an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KKR shares. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $150.00 to $141.00 in a research note on Thursday. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley lowered their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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KKR & Co. Inc. Stock Up 0.1 %

KKR stock traded up $0.17 during trading on Thursday, reaching $116.71. The stock had a trading volume of 3,453,730 shares, compared to its average volume of 5,461,205. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $103.66 billion, a P/E ratio of 35.05, a PEG ratio of 1.00 and a beta of 1.72. The firm has a fifty day moving average price of $140.18 and a 200 day moving average price of $141.53.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed 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 was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated 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 owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by company insiders.

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.