Pictet Asset Management Holding SA decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 274,197 shares of the asset manager's stock after selling 9,364 shares during the quarter. Pictet Asset Management Holding SA's holdings in KKR & Co. Inc. were worth $40,556,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. HM Payson & Co. boosted its stake 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 acquiring 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 4th quarter valued at $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KKR has been the topic of a number of recent research reports. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. 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, Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.
Read Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
NYSE:KKR traded up $3.15 during trading hours on Wednesday, reaching $120.99. The stock had a trading volume of 4,050,772 shares, compared to its average volume of 4,623,697. The stock has a market capitalization of $107.47 billion, a PE ratio of 36.33, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a 50 day moving average price of $134.37 and a two-hundred day moving average price of $141.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.
KKR & Co. Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
Insider Activity at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is owned by insiders.
About KKR & Co. Inc.
(
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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