National Bank of Canada FI Grows Position in KKR & Co. Inc. (NYSE:KKR)

National Bank of Canada FI grew its stake in KKR & Co. Inc. (NYSE:KKR) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 540,705 shares of the asset manager’s stock after buying an additional 12,851 shares during the period. National Bank of Canada FI owned 0.06% of KKR & Co. Inc. worth $80,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $36,000. HM Payson & Co. lifted its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the subject of several research reports. Barclays decreased their price objective on shares of 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. Keefe, Bruyette & Woods decreased their target price 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. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Finally, Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $117.82 on Wednesday. The stock has a market capitalization of $104.65 billion, a P/E ratio of 35.38, a P/E/G ratio of 1.00 and a beta of 1.72. The company’s fifty day moving average price is $134.37 and its 200 day moving average price is $141.62. 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. has a 1 year low of $91.92 and a 1 year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

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.