22,099 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,099 shares of the asset manager’s stock, valued at approximately $3,269,000.

A number of other institutional investors also recently modified their holdings of KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the third quarter valued at about $40,000. Finally, HM Payson & Co. grew its holdings in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In related 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 transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KKR shares. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Oppenheimer raised their target price 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. Morgan Stanley reduced their price objective on shares of 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. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $150.00 to $141.00 in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $119.48 on Thursday. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a 50-day simple moving average of $137.64 and a two-hundred day simple moving average of $141.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $106.13 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend 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.