TD Private Client Wealth LLC Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

TD Private Client Wealth LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,465 shares of the asset manager’s stock after buying an additional 2,178 shares during the quarter. TD Private Client Wealth LLC’s holdings in KKR & Co. Inc. were worth $5,985,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $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 worth $41,000 after purchasing an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KKR. Morgan Stanley decreased their price target on 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. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $150.00 to $141.00 in a research note on Thursday. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $116.71 on Friday. The stock has a 50-day simple moving average of $139.55 and a two-hundred day simple moving average of $141.36. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-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. The firm has a market capitalization of $103.66 billion, a PE ratio of 35.05, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 39.34% of the company’s stock.

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.