Nomura Asset Management Co. Ltd. Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 67.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 382,793 shares of the asset manager’s stock after purchasing an additional 153,567 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $56,619,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KKR. Kingsview Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $255,000. Townsquare Capital LLC increased its position in KKR & Co. Inc. by 36.1% during the third quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock worth $1,817,000 after buying an additional 3,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in KKR & Co. Inc. by 3.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,391 shares of the asset manager’s stock worth $29,562,000 after purchasing an additional 7,163 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of KKR & Co. Inc. by 4.3% during the third quarter. Public Sector Pension Investment Board now owns 117,700 shares of the asset manager’s stock valued at $15,369,000 after buying an additional 4,800 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KKR & Co. Inc. by 1.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,022,925 shares of the asset manager’s stock valued at $394,734,000 after acquiring an additional 41,240 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on KKR shares. Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Hsbc Global Res lowered shares of 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 cut their price target for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Barclays cut their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $114.90 on Friday. The stock has a fifty day moving average price of $136.07 and a two-hundred day moving average price of $141.36. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a market cap of $102.06 billion, a P/E ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72. 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. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’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 transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by 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.