TCTC Holdings LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

TCTC Holdings LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 462 shares of the asset manager’s stock, valued at approximately $68,000.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its stake in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP boosted its stake in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after purchasing an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after purchasing an additional 124,257 shares during the period. Geode Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the period. Finally, FMR LLC boosted its stake in shares of KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.2 %

Shares of NYSE:KKR opened at $115.76 on Tuesday. The stock has a market capitalization of $102.82 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company’s fifty day moving average is $141.46 and its two-hundred day moving average is $141.78. 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. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.