Cinctive Capital Management LP Purchases 43,433 Shares of KKR & Co. Inc. (NYSE:KKR)

Cinctive Capital Management LP lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 120.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,619 shares of the asset manager’s stock after purchasing an additional 43,433 shares during the quarter. Cinctive Capital Management LP’s holdings in KKR & Co. Inc. were worth $11,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $36,000. HM Payson & Co. raised its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. 76.26% of the stock is currently owned by institutional investors.

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 that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KKR. Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Morgan Stanley dropped 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 research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Stock Performance

KKR stock opened at $117.82 on Wednesday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month 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 company has a market cap of $104.65 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The business’s fifty day moving average is $134.37 and its 200-day moving average is $141.62.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. Company 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.