KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 11.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,543 shares of the asset manager’s stock after purchasing an additional 268 shares during the quarter. Naviter Wealth LLC’s holdings in KKR & Co. Inc. were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rialto Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $89,000. HM Payson & Co. lifted its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Larson Financial Group LLC increased its holdings in KKR & Co. Inc. by 4.0% during the 4th quarter. Larson Financial Group LLC now owns 34,588 shares of the asset manager’s stock valued at $5,116,000 after acquiring an additional 1,316 shares in the last quarter. Banco Santander S.A. purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $331,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction 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 insiders.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods dropped 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 report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $115.39 on Friday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a 50 day moving average price of $145.94 and a 200 day moving average price of $142.01. The company has a market cap of $102.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. KKR & Co. Inc.’s payout ratio is 21.02%.

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.