Citizens Financial Group Inc. RI Has $3.72 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Citizens Financial Group Inc. RI grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,128 shares of the asset manager’s stock after buying an additional 1,466 shares during the period. Citizens Financial Group Inc. RI’s holdings in KKR & Co. Inc. were worth $3,717,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $40,000. HM Payson & Co. lifted its stake in 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 period. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays cut 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 research note on Wednesday, February 5th. 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 research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $112.28 on Wednesday. The company has a quick ratio of 0.07, a current 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 firm has a market cap of $99.73 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.00 and a beta of 1.72. The stock has a 50-day moving average price of $144.42 and a 200 day moving average price of $142.03.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

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.