13,648 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,648 shares of the asset manager’s stock, valued at approximately $2,019,000.

A number of other hedge funds have also bought and sold shares of KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the third quarter worth $40,000. Finally, HM Payson & Co. lifted its holdings in 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 acquiring an additional 272 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $116.54 on Monday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The business has a 50-day simple moving average of $139.07 and a 200 day simple moving average of $141.64. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. 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. Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KKR. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Oppenheimer boosted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $150.00 to $141.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

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.