Main Street Financial Solutions LLC Acquires 1,725 Shares of KKR & Co. Inc. (NYSE:KKR)

Main Street Financial Solutions LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 88.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,686 shares of the asset manager’s stock after purchasing an additional 1,725 shares during the quarter. Main Street Financial Solutions LLC’s holdings in KKR & Co. Inc. were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. raised its position in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after buying an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after acquiring an additional 69 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Bank of America decreased their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $103.29 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market capitalization of $91.75 billion, a PE ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s fifty day moving average is $118.43 and its 200-day moving average is $138.68.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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.