Vestmark Advisory Solutions Inc. Has $1.18 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Vestmark Advisory Solutions Inc. boosted its position in KKR & Co. Inc. (NYSE:KKR) by 41.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,969 shares of the asset manager’s stock after purchasing an additional 2,351 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in KKR & Co. Inc. were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in shares of KKR & Co. Inc. by 3.3% during the fourth quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager’s stock worth $470,000 after purchasing an additional 102 shares during the last quarter. Raymond James Financial Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $218,918,000. Cullen Frost Bankers Inc. grew its holdings in KKR & Co. Inc. by 2.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 155,749 shares of the asset manager’s stock worth $23,037,000 after acquiring an additional 3,656 shares during the last quarter. Arizona State Retirement System increased its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Arizona State Retirement System now owns 179,300 shares of the asset manager’s stock valued at $26,520,000 after acquiring an additional 1,193 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of KKR & Co. Inc. by 1.0% during the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager’s stock valued at $4,625,000 after acquiring an additional 316 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of several analyst reports. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Oppenheimer increased their price target 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. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 0.6 %

NYSE:KKR opened at $115.39 on Friday. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $102.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.00 and a beta of 1.72. The firm has a fifty day simple moving average of $145.94 and a two-hundred day simple moving average of $141.85.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. 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 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.