Keystone Investors PTE Ltd. Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Keystone Investors PTE Ltd. raised its stake in KKR & Co. Inc. (NYSE:KKR) by 10,340.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476,797 shares of the asset manager’s stock after purchasing an additional 472,230 shares during the period. KKR & Co. Inc. makes up approximately 4.9% of Keystone Investors PTE Ltd.’s holdings, making the stock its 8th biggest position. Keystone Investors PTE Ltd. owned 0.05% of KKR & Co. Inc. worth $70,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Zions Bancorporation N.A. grew its holdings in shares of KKR & Co. Inc. by 21.4% during the 4th quarter. Zions Bancorporation N.A. now owns 9,195 shares of the asset manager’s stock worth $1,360,000 after purchasing an additional 1,618 shares in the last quarter. FineMark National Bank & Trust boosted its stake in KKR & Co. Inc. by 1.3% during the fourth quarter. FineMark National Bank & Trust now owns 135,703 shares of the asset manager’s stock worth $20,072,000 after buying an additional 1,721 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in KKR & Co. Inc. by 308.3% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,417 shares of the asset manager’s stock valued at $357,000 after buying an additional 1,825 shares during the period. GQG Partners LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $325,752,000. Finally, Modern Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $257,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 4.8 %

Shares of NYSE KKR opened at $122.15 on Tuesday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm’s 50-day moving average is $138.68 and its 200-day moving average is $141.66. 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 capitalization of $108.50 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays dropped their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. 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. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. 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.