Whittier Trust Co. of Nevada Inc. Acquires 3,218 Shares of KKR & Co. Inc. (NYSE:KKR)

Whittier Trust Co. of Nevada Inc. boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,048 shares of the asset manager’s stock after purchasing an additional 3,218 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in KKR & Co. Inc. were worth $7,846,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the third quarter worth approximately $40,000. Finally, HM Payson & Co. increased its holdings 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 worth $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on KKR shares. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley decreased their price objective on 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. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Stock Up 0.1 %

Shares of NYSE:KKR opened at $116.71 on Friday. The company has a market capitalization of $103.66 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day moving average price of $139.55 and a two-hundred day moving average price of $141.36. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.