Clearbridge Investments LLC Has $201.49 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Clearbridge Investments LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,362,269 shares of the asset manager’s stock after buying an additional 20,631 shares during the quarter. Clearbridge Investments LLC’s holdings in KKR & Co. Inc. were worth $201,493,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KKR. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $36,000. HM Payson & Co. lifted 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 valued at $41,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $45,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.2 %

KKR opened at $114.90 on Monday. The company has a 50 day moving average of $136.07 and a 200 day moving average of $141.69. The company has a market cap of $102.06 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. 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. Dividend Announcement

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

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was 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 $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KKR shares. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. 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 note on Thursday, February 6th. 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 note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

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.