Whittier Trust Co. of Nevada Inc. Purchases 3,218 Shares of KKR & Co. Inc. (NYSE:KKR)

Whittier Trust Co. of Nevada Inc. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth $36,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $40,000. Finally, HM Payson & Co. grew 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 period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $150.00 to $141.00 in a research note on Thursday. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One 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 company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $116.71 on Friday. The business’s 50-day moving average price is $139.55 and its two-hundred day moving average price is $141.36. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock has a market cap of $103.66 billion, a P/E ratio of 35.05, 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. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’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 transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $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 accessible through this link. 39.34% of the stock is currently owned by insiders.

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.