GQG Partners LLC Invests $325.75 Million in KKR & Co. Inc. (NYSE:KKR)

GQG Partners LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,202,368 shares of the asset manager’s stock, valued at approximately $325,752,000.

Other hedge funds have also modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $40,000. Finally, HM Payson & Co. raised its stake in 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 buying an additional 272 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $122.15 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day moving average price of $138.68 and a 200 day moving average price of $141.66. The stock has a market capitalization of $108.50 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Insider Activity at KKR & Co. Inc.

In other 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 shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is owned by company 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.