Kovitz Investment Group Partners LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 54.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,622 shares of the asset manager's stock after acquiring an additional 10,748 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in KKR & Co. Inc. were worth $4,529,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of KKR & Co. Inc. by 10.5% during the 4th quarter. Voya Investment Management LLC now owns 1,511,081 shares of the asset manager's stock worth $223,504,000 after acquiring an additional 143,025 shares during the last quarter. Sompo Asset Management Co. Ltd. bought a new stake in KKR & Co. Inc. in the fourth quarter worth $1,019,000. MGO One Seven LLC raised its position in shares of KKR & Co. Inc. by 37.6% during the 4th quarter. MGO One Seven LLC now owns 3,788 shares of the asset manager's stock valued at $560,000 after buying an additional 1,035 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of KKR & Co. Inc. by 14.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,066,190 shares of the asset manager's stock valued at $453,522,000 after purchasing an additional 384,981 shares during the last quarter. Finally, Alta Advisers Ltd boosted its stake in KKR & Co. Inc. by 19.1% during the fourth quarter. Alta Advisers Ltd now owns 2,263 shares of the asset manager's stock worth $335,000 after buying an additional 363 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.
KKR & Co. Inc. Stock Performance
Shares of KKR stock traded up $0.05 during mid-day trading on Wednesday, reaching $114.40. The stock had a trading volume of 4,657,017 shares, compared to its average volume of 5,000,146. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market cap of $101.62 billion, a PE ratio of 34.35, a P/E/G ratio of 1.00 and a beta of 1.77. The firm's 50 day simple moving average is $113.42 and its 200 day simple moving average is $137.37. 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. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.
Wall Street Analyst Weigh In
KKR has been the topic of several research analyst reports. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Barclays dropped their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America lowered their target price on shares of 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.93.
Read Our Latest Stock Analysis on KKR
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 KKR & Co. Inc. 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. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by insiders.
KKR & Co. Inc. Profile
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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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