Geode Capital Management LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,047,900 shares of the asset manager’s stock after buying an additional 458,048 shares during the period. Geode Capital Management LLC’s holdings in KKR & Co. Inc. were worth $2,073,624,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $36,000. HM Payson & Co. raised 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 worth $41,000 after buying an additional 272 shares during the period. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.7 %

Shares of KKR opened at $115.66 on Tuesday. The stock has a market capitalization of $102.73 billion, a PE ratio of 34.73, a P/E/G ratio of 1.00 and a beta of 1.72. The company’s fifty day moving average is $135.23 and its 200 day moving average is $141.65. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

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 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 dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Morgan Stanley cut their price target 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 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. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.