O Shaughnessy Asset Management LLC Buys 9,657 Shares of KKR & Co. Inc. (NYSE:KKR)

O Shaughnessy Asset Management LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 29.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,703 shares of the asset manager’s stock after purchasing an additional 9,657 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in KKR & Co. Inc. were worth $6,316,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KKR. Clearbridge Investments LLC increased its holdings in KKR & Co. Inc. by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,362,269 shares of the asset manager’s stock worth $201,493,000 after acquiring an additional 20,631 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of KKR & Co. Inc. by 14.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 22,331 shares of the asset manager’s stock worth $3,310,000 after purchasing an additional 2,775 shares in the last quarter. IPG Investment Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,542,000. Dorsey Wright & Associates bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $5,430,000. Finally, Schroder Investment Management Group boosted its holdings 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 buying an additional 13,065 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR opened at $117.82 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $104.65 billion, a P/E ratio of 35.38, a PEG ratio of 1.00 and a beta of 1.72. The stock has a 50-day moving average price of $134.37 and a 200-day moving average price of $141.62. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Announces Dividend

The company 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 was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 completion of the sale, the insider now directly 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 legal filing with the SEC, which is available through this link. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KKR shares. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.79.

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.