KLP Kapitalforvaltning AS Purchases Shares of 209,500 KKR & Co. Inc. (NYSE:KKR)

KLP Kapitalforvaltning AS purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 209,500 shares of the asset manager’s stock, valued at approximately $30,987,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $36,000. HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares in the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $45,000. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was 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 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 is accessible through the SEC website. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KKR shares. Morgan Stanley reduced their price objective 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. Barclays reduced their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $150.00 to $141.00 in a research note on Thursday. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Price Performance

KKR opened at $116.54 on Friday. The stock has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year 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. The stock has a fifty day moving average price of $139.07 and a 200 day moving average price of $141.47.

KKR & Co. Inc. Announces Dividend

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