Harbour Investments Inc. Increases Position in KKR & Co. Inc. (NYSE:KKR)

Harbour Investments Inc. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,195 shares of the asset manager’s stock after buying an additional 132 shares during the quarter. Harbour Investments Inc.’s holdings in KKR & Co. Inc. were worth $177,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KKR. Banque Cantonale Vaudoise purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at $100,000. Commerce Bank lifted its position in KKR & Co. Inc. by 7.5% during the third quarter. Commerce Bank now owns 13,951 shares of the asset manager’s stock valued at $1,822,000 after purchasing an additional 978 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after purchasing an additional 4,719 shares during the period. Pacer Advisors Inc. lifted its position in KKR & Co. Inc. by 5.6% during the third quarter. Pacer Advisors Inc. now owns 50,023 shares of the asset manager’s stock valued at $6,532,000 after purchasing an additional 2,668 shares during the period. Finally, Icon Wealth Advisors LLC lifted its position in KKR & Co. Inc. by 32.8% during the third quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 306 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related 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 shares were 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 owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KKR. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Barclays decreased their target price on shares of 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. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $150.00 to $141.00 in a research report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned 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 presently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Down 0.1 %

KKR stock opened at $116.54 on Friday. The stock has a market capitalization of $103.52 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. The firm has a 50-day simple moving average of $139.07 and a 200-day simple moving average of $141.47. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.