Corient Private Wealth LLC Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Corient Private Wealth LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 159.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,244 shares of the asset manager’s stock after buying an additional 95,319 shares during the quarter. Corient Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $22,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after purchasing an additional 69 shares in the last quarter. Ballentine Partners LLC raised its stake in KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In related 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 stock was 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 owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Down 1.5 %

Shares of KKR & Co. Inc. stock opened at $113.99 on Wednesday. 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. has a 52-week low of $91.92 and a 52-week high of $170.40. The stock has a market capitalization of $101.25 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 1.00 and a beta of 1.72. The company’s 50 day moving average price is $140.81 and its 200-day moving average price is $141.71.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. Company 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.