Parkworth Wealth Management Inc. Acquires Shares of 333 KKR & Co. Inc. (NYSE:KKR)

Parkworth Wealth Management Inc. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 333 shares of the asset manager’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the third quarter valued at approximately $40,000. HM Payson & Co. boosted its stake 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 acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KKR shares. Oppenheimer raised their price objective 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. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Barclays reduced their price target 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. Finally, The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

Insider Transactions 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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 3.8 %

KKR & Co. Inc. stock opened at $112.28 on Wednesday. The firm has a market capitalization of $99.73 billion, a PE ratio of 33.72, a P/E/G ratio of 1.00 and a beta of 1.72. The company’s 50-day moving average is $144.42 and its 200-day moving average is $142.03. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid 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 0.62%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.