36,711 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 36,711 shares of the asset manager’s stock, valued at approximately $5,430,000. KKR & Co. Inc. makes up 1.3% of Dorsey Wright & Associates’ holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group lifted its stake in KKR & Co. Inc. by 19.5% in the 4th quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager’s stock worth $11,884,000 after purchasing an additional 13,065 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in KKR & Co. Inc. by 104.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 56,423 shares of the asset manager’s stock worth $8,346,000 after buying an additional 28,862 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in KKR & Co. Inc. by 25.4% during the fourth quarter. Strategy Asset Managers LLC now owns 6,968 shares of the asset manager’s stock worth $1,031,000 after buying an additional 1,412 shares during the last quarter. Allianz SE purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $1,187,000. Finally, Allstate Corp purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $2,684,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Morgan Stanley lowered 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 research report on Thursday, February 6th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Keefe, Bruyette & Woods cut their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Barclays decreased their price objective 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. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Trading Down 2.2 %

NYSE KKR opened at $114.90 on Friday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The firm has a 50 day moving average of $136.07 and a two-hundred day moving average of $141.52. 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 stock has a market capitalization of $102.06 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred 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 directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

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.