Banco BTG Pactual S.A. Acquires New Position in KKR & Co. Inc. (NYSE:KKR)

Banco BTG Pactual S.A. bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,663 shares of the asset manager’s stock, valued at approximately $546,000.

Other large investors have also bought and sold shares of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $36,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at $40,000. Finally, HM Payson & Co. boosted its position in shares of KKR & Co. Inc. by 6,800.0% during 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 during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KKR. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Activity 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 shares were 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 of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 0.2 %

Shares of KKR stock opened at $122.27 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. The stock has a fifty day simple moving average of $138.26 and a two-hundred day simple moving average of $141.71. The firm has a market capitalization of $108.61 billion, a PE ratio of 36.72, 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.

KKR & Co. Inc. Announces Dividend

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. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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.