Capital International Ltd. CA Makes New $397,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Capital International Ltd. CA purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,682 shares of the asset manager’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $36,000. Finally, HM Payson & Co. increased its stake in shares of 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 buying an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

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 completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. 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 company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $103.29 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $91.75 billion, a PE ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. The stock has a 50-day moving average of $117.65 and a 200-day moving average of $138.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KKR shares. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their target price for the stock from $170.00 to $119.00 in a report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Barclays lowered their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $144.93.

KKR & Co. Inc. 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.