12,207 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,207 shares of the asset manager's stock, valued at approximately $1,806,000. KKR & Co. Inc. makes up about 1.6% of Runnymede Capital Advisors Inc.'s investment portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock worth $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP boosted its position in KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock valued at $3,059,859,000 after purchasing an additional 60,147 shares in the last quarter. Geode Capital Management LLC grew its position in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock worth $1,768,788,000 after buying an additional 355,837 shares during the last quarter. FMR LLC lifted its position in KKR & Co. Inc. by 1.5% during the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock valued at $1,469,199,000 after acquiring an additional 165,631 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in KKR & Co. Inc. by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager's stock worth $557,965,000 after purchasing an additional 85,461 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Several equities analysts have recently issued reports on KKR shares. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR stock traded down $2.70 during trading hours on Wednesday, hitting $119.48. The company had a trading volume of 3,165,968 shares, compared to its average volume of 4,395,918. The stock has a market capitalization of $106.13 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company's fifty day moving average is $138.26 and its 200 day moving average is $141.71.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.59%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

KKR & Co. Inc. Company 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.