KKR & Co. Inc. (NYSE:KKR) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in KKR & Co. Inc. (NYSE:KKR) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,769 shares of the asset manager’s stock after acquiring an additional 4,331 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in KKR & Co. Inc. were worth $4,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $13,998,000. Tower Research Capital LLC TRC boosted its stake in shares of KKR & Co. Inc. by 57.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 46,633 shares of the asset manager’s stock valued at $6,897,000 after buying an additional 17,056 shares during the last quarter. MML Investors Services LLC grew its position in shares of KKR & Co. Inc. by 29.5% during the fourth quarter. MML Investors Services LLC now owns 91,195 shares of the asset manager’s stock worth $13,489,000 after buying an additional 20,782 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 1.6% in the fourth quarter. MetLife Investment Management LLC now owns 187,195 shares of the asset manager’s stock worth $27,688,000 after buying an additional 3,011 shares during the last quarter. Finally, Natixis raised its stake in shares of KKR & Co. Inc. by 98.0% in the 4th quarter. Natixis now owns 70,932 shares of the asset manager’s stock valued at $10,492,000 after purchasing an additional 35,104 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Up 4.2 %

KKR & Co. Inc. stock opened at $102.10 on Wednesday. The firm has a market cap of $90.69 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm’s 50 day moving average price is $116.08 and its two-hundred day moving average price is $138.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. TD Cowen dropped 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. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Citigroup reduced their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, JMP Securities reduced their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $144.93.

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.