Townsquare Capital LLC Boosts Stake in KKR & Co. Inc. (NYSE:KKR)

Townsquare Capital LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,530 shares of the asset manager's stock after acquiring an additional 6,617 shares during the quarter. Townsquare Capital LLC's holdings in KKR & Co. Inc. were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. boosted its position in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after acquiring an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after buying an additional 69 shares during the period. Ballentine Partners LLC increased its holdings in KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the company from $170.00 to $119.00 in a research note on Tuesday. Keefe, Bruyette & Woods lowered 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 report on Monday, January 13th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Finally, Barclays reduced their price target 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.93.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.24 during trading hours on Friday, hitting $103.29. The stock had a trading volume of 3,725,114 shares, compared to its average volume of 4,952,116. The firm has a market capitalization of $91.75 billion, a PE ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. 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 12 month low of $86.15 and a 12 month high of $170.40. The stock has a fifty day moving average price of $117.65 and a 200 day moving average price of $138.50.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In other 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by company insiders.

About KKR & Co. Inc.

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.