Sompo Asset Management Co. Ltd. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,890 shares of the asset manager's stock, valued at approximately $1,019,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. increased its position in shares of 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. 76.26% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on KKR shares. Morgan Stanley decreased their price target on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Barclays lowered their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities dropped their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $144.93.
Check Out Our Latest Stock Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
KKR opened at $102.10 on Wednesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $90.69 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 1.00 and a beta of 1.77. The firm's fifty day moving average price is $116.08 and its two-hundred day moving average price is $138.09.
KKR & Co. Inc. Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.
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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