Whittier Trust Co. of Nevada Inc. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Whittier Trust Co. of Nevada Inc. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,048 shares of the asset manager's stock after acquiring an additional 3,218 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in KKR & Co. Inc. were worth $7,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KKR. Pathstone Holdings LLC increased its position in shares of KKR & Co. Inc. by 12.4% during the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager's stock worth $8,112,000 after purchasing an additional 6,873 shares in the last quarter. Caprock Group LLC grew its stake in KKR & Co. Inc. by 76.6% during the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager's stock worth $798,000 after buying an additional 2,651 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $100,000. PNC Financial Services Group Inc. lifted its stake in KKR & Co. Inc. by 11.9% in the third quarter. PNC Financial Services Group Inc. now owns 203,294 shares of the asset manager's stock valued at $26,546,000 after buying an additional 21,648 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 85.7% in the third quarter. Avior Wealth Management LLC now owns 7,613 shares of the asset manager's stock valued at $994,000 after acquiring an additional 3,514 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $0.30 during trading on Tuesday, hitting $122.27. 3,955,044 shares of the company were exchanged, compared to its average volume of 4,385,216. 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 1 year low of $91.92 and a 1 year high of $170.40. The company has a market cap of $108.61 billion, a price-to-earnings ratio of 36.72, a PEG 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.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays dropped their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. 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.