PDS Planning Inc Takes $202,000 Position in KKR & Co. Inc. (NYSE:KKR)

PDS Planning Inc bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,366 shares of the asset manager’s stock, valued at approximately $202,000.

A number of other large investors have also added to or reduced their stakes in KKR. Axxcess Wealth Management LLC lifted its position in KKR & Co. Inc. by 139.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 8,264 shares of the asset manager’s stock worth $1,222,000 after buying an additional 4,816 shares during the last quarter. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $36,000. TCTC Holdings LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth $68,000. Signaturefd LLC boosted its position in KKR & Co. Inc. by 2.4% during the fourth quarter. Signaturefd LLC now owns 8,298 shares of the asset manager’s stock valued at $1,227,000 after buying an additional 194 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of KKR & Co. Inc. by 6.3% during the fourth quarter. Parallel Advisors LLC now owns 9,544 shares of the asset manager’s stock valued at $1,412,000 after buying an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $116.68 on Thursday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm’s 50-day simple moving average is $140.18 and its two-hundred day simple moving average is $141.53. The stock has a market cap of $103.64 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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. 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 paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analysts Set New Price Targets

A number of brokerages have commented on KKR. Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on shares of 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. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Morgan Stanley cut their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.43.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated 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 owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is owned by corporate insiders.

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.