Congress Wealth Management LLC DE Invests $360,000 in KKR & Co. Inc. (NYSE:KKR)

Congress Wealth Management LLC DE bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,436 shares of the asset manager’s stock, valued at approximately $360,000.

A number of other large investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. HM Payson & Co. grew its position 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 buying an additional 272 shares in the last quarter. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. during the 4th quarter worth $45,000. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated 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 of the company’s stock, valued at approximately $634,841,604.16. The trade was 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.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $114.90 on Friday. The stock has a 50-day moving average price of $136.07 and a two-hundred day moving average price of $141.52. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a market capitalization of $102.06 billion, a PE ratio of 34.51, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KKR. Oppenheimer upped their target price on 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 decreased their target price on shares of 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. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of 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 upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.79.

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.