Taika Capital LP bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,430 shares of the asset manager's stock, valued at approximately $359,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock valued at $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 0.3% in 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 buying an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock valued at $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, FMR LLC raised its stake in shares of 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 purchasing an additional 165,631 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.
KKR & Co. Inc. Trading Down 5.1 %
KKR traded down $5.85 during trading on Thursday, reaching $108.52. The company had a trading volume of 7,526,670 shares, compared to its average volume of 5,522,310. The firm's 50-day simple moving average is $143.74 and its 200 day simple moving average is $141.84. The company has a market cap of $96.39 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. 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. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.
Insider Buying and Selling
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 dated 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 transaction, the insider now 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on KKR shares. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. 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. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.43.
Check Out Our Latest Stock Report on KKR & Co. Inc.
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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