CIBC Private Wealth Group LLC Buys 2,775 Shares of KKR & Co. Inc. (NYSE:KKR)

CIBC Private Wealth Group LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,331 shares of the asset manager’s stock after buying an additional 2,775 shares during the period. CIBC Private Wealth Group LLC’s holdings in KKR & Co. Inc. were worth $3,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $36,000. HM Payson & Co. raised its holdings 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 worth $41,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.7 %

NYSE:KKR opened at $120.99 on Thursday. The company has a market cap of $107.47 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $133.56 and a 200-day simple moving average of $141.47.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.58%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction 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 trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KKR shares. Barclays reduced their target price 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. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley cut their price target 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. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

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.