Jupiter Asset Management Ltd. Has $16.89 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Jupiter Asset Management Ltd. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 50.9% during the 4th quarter, HoldingsChannel reports. The fund owned 114,184 shares of the asset manager’s stock after purchasing an additional 38,524 shares during the period. Jupiter Asset Management Ltd.’s holdings in KKR & Co. Inc. were worth $16,889,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KKR. Pettinga Financial Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $238,000. Sigma Planning Corp boosted its holdings in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $77,000. Apollon Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 65.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,474 shares of the asset manager’s stock valued at $976,000 after acquiring an additional 2,961 shares in the last quarter. Finally, WealthPLAN Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction 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 completion of the sale, 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 can be accessed through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

KKR stock opened at $114.23 on Thursday. The stock has a 50-day moving average price of $143.74 and a 200-day moving average price of $141.84. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year 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 firm has a market cap of $101.46 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley cut their target price on 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. Keefe, Bruyette & Woods cut their target price 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. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.43.

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.