Baxter Bros Inc. Purchases New Stake in KKR & Co. Inc. (NYSE:KKR)

Baxter Bros Inc. acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,574 shares of the asset manager’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keystone Investors PTE Ltd. lifted its stake in shares of KKR & Co. Inc. by 10,340.0% in the 4th quarter. Keystone Investors PTE Ltd. now owns 476,797 shares of the asset manager’s stock worth $70,523,000 after acquiring an additional 472,230 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of KKR & Co. Inc. by 21.4% during the fourth quarter. Zions Bancorporation N.A. now owns 9,195 shares of the asset manager’s stock worth $1,360,000 after purchasing an additional 1,618 shares during the period. FineMark National Bank & Trust lifted its stake in KKR & Co. Inc. by 1.3% in the fourth quarter. FineMark National Bank & Trust now owns 135,703 shares of the asset manager’s stock valued at $20,072,000 after acquiring an additional 1,721 shares during the last quarter. Ashton Thomas Securities LLC lifted its holdings in KKR & Co. Inc. by 308.3% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,417 shares of the asset manager’s stock worth $357,000 after purchasing an additional 1,825 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $325,752,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on KKR shares. Barclays dropped their price target 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. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley dropped their target price 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. 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 report on Monday, January 13th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $122.15 on Tuesday. The stock has a market capitalization of $108.50 billion, a PE ratio of 36.68, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50 day simple moving average is $138.68 and its two-hundred day simple moving average is $141.66. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

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.