Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,925 shares of the asset manager's stock after buying an additional 25,534 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in KKR & Co. Inc. were worth $37,262,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. HM Payson & Co. grew its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares in the last quarter. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $45,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $40,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KKR has been the subject of several recent research reports. 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 note on Thursday, February 6th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. 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. The Goldman Sachs Group increased their price objective on 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 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 report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.43.
View Our Latest Stock Analysis on KKR
KKR & Co. Inc. Trading Up 4.5 %
Shares of KKR stock traded up $4.85 during mid-day trading on Friday, hitting $113.54. 6,824,404 shares of the company's stock were exchanged, compared to its average volume of 4,342,970. The stock has a market cap of $100.85 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.00 and a beta of 1.72. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The stock has a 50-day simple moving average of $142.93 and a two-hundred day simple moving average of $141.61.
KKR & Co. Inc. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.
Insider Activity 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 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 completion of the sale, the insider now directly 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 legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by insiders.
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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