Wedbush Securities Inc. Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Wedbush Securities Inc. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,831 shares of the asset manager’s stock after purchasing an additional 226 shares during the period. Wedbush Securities Inc.’s holdings in KKR & Co. Inc. were worth $2,933,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in KKR & Co. Inc. by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,336,716 shares of the asset manager’s stock valued at $197,714,000 after acquiring an additional 103,924 shares in the last quarter. Aviva PLC lifted its stake in shares of KKR & Co. Inc. by 144.3% in the 4th quarter. Aviva PLC now owns 376,159 shares of the asset manager’s stock valued at $55,638,000 after purchasing an additional 222,167 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of KKR & Co. Inc. by 151.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 5,570 shares of the asset manager’s stock valued at $824,000 after purchasing an additional 3,351 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $34,000. Finally, Resona Asset Management Co. Ltd. bought a new position in KKR & Co. Inc. in the fourth quarter worth $26,362,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $92.74 on Friday. The company has a 50-day moving average price of $130.85 and a 200-day moving average price of $141.06. KKR & Co. Inc. has a 52 week low of $88.76 and a 52 week high of $170.40. 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 capitalization of $82.38 billion, a P/E ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analysts Set New Price Targets

KKR has been the topic of a number of research reports. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. 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. Finally, Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.00.

Insiders Place Their Bets

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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company’s stock.

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.