KKR & Co. Inc. (NYSE:KKR) Position Increased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 16.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,829 shares of the asset manager’s stock after buying an additional 7,802 shares during the quarter. NewEdge Advisors LLC’s holdings in KKR & Co. Inc. were worth $8,258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $36,000. Finally, HM Payson & Co. grew its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth 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. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

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 that occurred 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KKR. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays reduced their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. JMP Securities cut their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Bank of America decreased their price target on 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. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $144.93.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $103.29 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm’s 50 day simple moving average is $117.65 and its 200-day simple moving average is $138.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $91.75 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.