10,423 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,423 shares of the asset manager’s stock, valued at approximately $1,542,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. HM Payson & Co. boosted its position in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after buying an additional 272 shares in the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KKR shares. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Morgan Stanley dropped their target price on 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. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Price Performance

KKR stock opened at $114.90 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $102.06 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72. The company’s fifty day simple moving average is $136.07 and its 200 day simple moving average is $141.52. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

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 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by insiders.

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.