OFI Invest Asset Management Takes Position in KKR & Co. Inc. (NYSE:KKR)

OFI Invest Asset Management acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 326 shares of the asset manager’s stock, valued at approximately $47,000.

A number of other institutional investors have also added to or reduced their stakes in KKR. Proficio Capital Partners LLC increased its holdings in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $218,918,000. Roberts Foundation acquired a new position in KKR & Co. Inc. during the fourth quarter worth $147,910,000. Amundi increased its holdings in KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock worth $316,659,000 after buying an additional 728,515 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after buying an additional 503,365 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction 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 $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Down 6.3 %

Shares of KKR & Co. Inc. stock opened at $108.00 on Tuesday. The firm has a 50-day moving average of $145.13 and a 200-day moving average of $142.10. The stock has a market cap of $95.93 billion, a PE ratio of 32.43, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. 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. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.65%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KKR. Barclays lowered 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 report on Wednesday, February 5th. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective 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, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.43.

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.