Rialto Wealth Management LLC Takes $89,000 Position in KKR & Co. Inc. (NYSE:KKR)

Rialto Wealth Management LLC purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 600 shares of the asset manager’s stock, valued at approximately $89,000.

A number of other institutional investors have also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $45,000. Finally, Truvestments Capital LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $40,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 0.6 %

Shares of KKR & Co. Inc. stock opened at $115.39 on Friday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $145.94 and a 200-day moving average price of $142.01. The firm has a market cap of $102.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insiders Place Their Bets

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 on 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 transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

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.