Whittier Trust Co. Acquires 3,647 Shares of KKR & Co. Inc. (NYSE:KKR)

Whittier Trust Co. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,239 shares of the asset manager’s stock after purchasing an additional 3,647 shares during the quarter. Whittier Trust Co.’s holdings in KKR & Co. Inc. were worth $17,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $36,000. HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.3 %

Shares of KKR opened at $116.68 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s fifty day moving average is $140.18 and its 200 day moving average is $141.53. The stock has a market capitalization of $103.64 billion, a PE ratio of 35.04, a P/E/G ratio of 1.00 and a beta of 1.72. 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several research reports. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Oppenheimer boosted 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. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of 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 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. According to MarketBeat, KKR & Co. Inc. presently has a consensus 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.