Davis R M Inc. Takes Position in KKR & Co. Inc. (NYSE:KKR)

Davis R M Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,035 shares of the asset manager’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $40,000. HM Payson & Co. lifted its stake in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 3.8 %

KKR opened at $112.28 on Wednesday. The stock has a fifty day moving average of $144.42 and a 200-day moving average of $142.03. The company has a market capitalization of $99.73 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week 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. Dividend Announcement

The firm also recently disclosed 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 0.62%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

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 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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on KKR shares. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays dropped 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 report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

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.