LPL Financial LLC Purchases 187,317 Shares of KKR & Co. Inc. (NYSE:KKR)

LPL Financial LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 36.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 702,200 shares of the asset manager’s stock after acquiring an additional 187,317 shares during the quarter. LPL Financial LLC’s holdings in KKR & Co. Inc. were worth $103,862,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. AdvisorNet Financial Inc increased its stake in shares of KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after acquiring an additional 1,759 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $667,000. Caldwell Investment Management Ltd. raised its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after purchasing an additional 5,900 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock worth $16,889,000 after purchasing an additional 38,524 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 31.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock valued at $12,110,000 after buying an additional 22,007 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KKR. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays decreased their price objective on 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. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $122.27 on Wednesday. The company has a market cap of $108.61 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The firm has a 50-day moving average of $138.26 and a 200-day moving average of $141.71. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.