KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,544 shares of the asset manager’s stock after buying an additional 569 shares during the period. Parallel Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,412,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at $40,000. HM Payson & Co. increased its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $45,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered 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. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. 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. 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. Finally, Wells Fargo & Company lowered their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 1.5 %

NYSE:KKR opened at $113.99 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The firm has a market capitalization of $101.25 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The stock has a fifty day simple moving average of $140.81 and a 200 day simple moving average of $141.71.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given 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 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

KKR & Co. Inc. Company 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.