Fmr LLC Boosts Position in KKR & Co. Inc. (NYSE:KKR)

Fmr LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,003,389 shares of the asset manager’s stock after purchasing an additional 752,056 shares during the quarter. Fmr LLC owned about 1.35% of KKR & Co. Inc. worth $1,775,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KKR. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $36,000. Finally, HM Payson & Co. lifted its position 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 valued at $41,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $92.74 on Monday. The firm has a market capitalization of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The firm’s fifty day simple moving average is $130.85 and its 200-day simple moving average is $141.14. KKR & Co. Inc. has a twelve month low of $86.13 and a twelve month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley cut their target price on 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. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Bank of America cut their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’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 transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by company 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.