Banco Santander S.A. Purchases New Shares in KKR & Co. Inc. (NYSE:KKR)

Banco Santander S.A. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,238 shares of the asset manager’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $40,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

In other 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 value 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 approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KKR. Morgan Stanley decreased their price objective 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. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on 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, Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned 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 target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $108.00 on Tuesday. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company’s 50-day moving average is $145.13 and its two-hundred day moving average is $142.10. The firm has a market capitalization of $95.93 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

KKR & Co. Inc. 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.