Elo Mutual Pension Insurance Co Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Elo Mutual Pension Insurance Co grew its stake in KKR & Co. Inc. (NYSE:KKR) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,720 shares of the asset manager’s stock after purchasing an additional 4,886 shares during the period. Elo Mutual Pension Insurance Co’s holdings in KKR & Co. Inc. were worth $8,833,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $325,752,000. Proficio Capital Partners LLC raised its holdings in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $218,918,000. Roberts Foundation acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $147,910,000. Finally, Amundi boosted its holdings in KKR & Co. Inc. by 51.8% in the 4th quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock valued at $316,659,000 after purchasing an additional 728,515 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KKR shares. Morgan Stanley cut their target price 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. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have given 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $119.48 on Thursday. 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 market capitalization of $106.13 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.00 and a beta of 1.72. The stock has a fifty day moving average of $137.64 and a two-hundred day moving average of $141.55. 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. Announces Dividend

The business 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

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.