Citizens & Northern Corp Invests $1.81 Million in KKR & Co. Inc. $KKR

Citizens & Northern Corp bought a new position 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. The institutional investor bought 14,168 shares of the asset manager’s stock, valued at approximately $1,806,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after buying an additional 215 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $33,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $101.75 on Friday. The company has a market cap of $90.71 billion, a price-to-earnings ratio of 43.48, a PEG ratio of 0.89 and a beta of 1.93. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company’s fifty day simple moving average is $94.28 and its 200 day simple moving average is $113.05. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Insider Activity

In related news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the transaction, the director directly owned 285,000 shares in the company, valued at $26,923,950. This trade represents a 21.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 393,872 shares of company stock valued at $40,090,679 in the last ninety days. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KKR. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Wednesday, January 28th. UBS Group lowered their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.