Whittier Trust Co. Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Whittier Trust Co. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 119,239 shares of the asset manager's stock after purchasing an additional 3,647 shares during the period. Whittier Trust Co.'s holdings in KKR & Co. Inc. were worth $17,636,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in shares of KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after acquiring an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after acquiring an additional 4,719 shares during the period. Whalen Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $667,000. Caldwell Investment Management Ltd. raised its stake in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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Insider Transactions at KKR & Co. Inc.

In other 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 value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 4.8 %

KKR stock traded up $5.65 during midday trading on Monday, reaching $122.15. 5,275,719 shares of the company's stock traded hands, compared to its average volume of 4,386,218. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a market cap of $108.50 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 1.00 and a beta of 1.72. The firm's fifty day moving average price is $138.68 and its 200-day moving average price is $141.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of several research analyst reports. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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.