KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 54.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,622 shares of the asset manager’s stock after buying an additional 10,748 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in KKR & Co. Inc. were worth $4,529,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $36,000. Finally, HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th 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. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $113.81 on Monday. The stock has a 50 day moving average of $114.31 and a two-hundred day moving average of $137.68. 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. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market capitalization of $101.09 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Barclays lowered their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Citigroup lowered their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price objective for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average 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.