KKR & Co. Inc. (NYSE:KKR) Shares Bought by Fmr LLC

Fmr LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,003,389 shares of the asset manager’s stock after acquiring an additional 752,056 shares during the quarter. Fmr LLC’s holdings in KKR & Co. Inc. were worth $1,775,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. grew its position in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the period. Ballentine Partners LLC raised its holdings in KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after buying an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KKR shares. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Barclays reduced 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. Finally, Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $92.74 on Monday. The company has a market cap of $82.38 billion, a P/E ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The business has a 50 day moving average of $130.85 and a two-hundred day moving average of $141.14. KKR & Co. Inc. has a 52 week low of $86.13 and a 52 week 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.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.