Rockefeller Capital Management L.P. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Rockefeller Capital Management L.P. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 302,281 shares of the asset manager's stock after purchasing an additional 8,271 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in KKR & Co. Inc. were worth $44,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, HM Payson & Co. increased 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 valued at $41,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on KKR shares. TD Cowen cut their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a report on Monday. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the stock from $170.00 to $119.00 in a research note on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.93.

KKR & Co. Inc. Trading Up 1.2 %

Shares of KKR traded up $1.24 during mid-day trading 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 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 capitalization of $91.75 billion, a P/E ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. The business's 50-day moving average price is $118.43 and its 200-day moving average price is $138.68. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. 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 payout ratio is currently 21.02%.

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.