Harvest Fund Management Co. Ltd Has $2.40 Million Position in KKR & Co. Inc. (NYSE:KKR)

Harvest Fund Management Co. Ltd boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 38.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,180 shares of the asset manager’s stock after purchasing an additional 4,501 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in KKR & Co. Inc. were worth $2,395,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $36,000. HM Payson & Co. grew its holdings 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 purchasing an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $116.68 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a 50 day moving average of $140.18 and a 200-day moving average of $141.53. The company has a market capitalization of $103.64 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) 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 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KKR. Barclays decreased their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.