Envestnet Portfolio Solutions Inc. Has $5.32 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Envestnet Portfolio Solutions Inc. grew its position in KKR & Co. Inc. (NYSE:KKR) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,946 shares of the asset manager’s stock after purchasing an additional 7,105 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in KKR & Co. Inc. were worth $5,317,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KKR. one8zero8 LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $653,000. Choate Investment Advisors boosted its stake in KKR & Co. Inc. by 1.7% during the 4th quarter. Choate Investment Advisors now owns 13,956 shares of the asset manager’s stock valued at $2,064,000 after purchasing an additional 233 shares during the period. Natixis Advisors LLC boosted its stake in KKR & Co. Inc. by 1.0% during the 4th quarter. Natixis Advisors LLC now owns 576,741 shares of the asset manager’s stock valued at $85,306,000 after purchasing an additional 5,652 shares during the period. Frank Rimerman Advisors LLC boosted its stake in KKR & Co. Inc. by 72.9% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,874 shares of the asset manager’s stock valued at $721,000 after purchasing an additional 2,055 shares during the period. Finally, Campbell Capital Management Inc. boosted its stake in KKR & Co. Inc. by 2.0% during the 4th quarter. Campbell Capital Management Inc. now owns 87,068 shares of the asset manager’s stock valued at $12,878,000 after purchasing an additional 1,701 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 1.5 %

KKR stock opened at $113.99 on Wednesday. The company has a market cap of $101.25 billion, a P/E ratio of 34.23, a PEG ratio of 1.00 and a beta of 1.72. 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 fifty day moving average of $140.81 and a 200-day moving average of $141.71.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.61%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In related 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on KKR. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Oppenheimer raised their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus 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.