Allstate Corp Takes $2.68 Million Position in KKR & Co. Inc. (NYSE:KKR)

Allstate Corp purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,144 shares of the asset manager’s stock, valued at approximately $2,684,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Kingsview Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter worth $255,000. Townsquare Capital LLC grew its holdings in KKR & Co. Inc. by 36.1% during the 3rd quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock worth $1,817,000 after acquiring an additional 3,693 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in KKR & Co. Inc. by 80.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,880 shares of the asset manager’s stock valued at $507,000 after acquiring an additional 1,731 shares in the last quarter. Icon Wealth Advisors LLC increased its position in KKR & Co. Inc. by 32.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock valued at $162,000 after acquiring an additional 306 shares in the last quarter. Finally, Point72 Europe London LLP raised its stake in shares of KKR & Co. Inc. by 77.8% in the third quarter. Point72 Europe London LLP now owns 199,449 shares of the asset manager’s stock worth $26,044,000 after acquiring an additional 87,300 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 2.2 %

KKR opened at $114.90 on Friday. The firm’s fifty day moving average is $136.07 and its two-hundred day moving average is $141.52. The firm has a market cap 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. has a twelve month low of $91.92 and a twelve month high of $170.40. 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. 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 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

Several analysts have recently commented on KKR shares. Barclays decreased their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley cut their price target on 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. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. 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.