Zions Bancorporation N.A. Has $1.36 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Zions Bancorporation N.A. grew its stake in KKR & Co. Inc. (NYSE:KKR) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,195 shares of the asset manager’s stock after purchasing an additional 1,618 shares during the period. Zions Bancorporation N.A.’s holdings in KKR & Co. Inc. were worth $1,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. HM Payson & Co. lifted its holdings in shares of KKR & Co. Inc. by 6,800.0% during the 4th 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. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $45,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KKR shares. Morgan Stanley dropped their price target on shares of 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. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the company 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 report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Trading Up 0.2 %

Shares of KKR opened at $122.27 on Wednesday. The stock’s fifty day simple moving average is $138.26 and its 200-day simple moving average is $141.71. The firm has a market capitalization 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. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The firm 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. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Insider Activity

In other 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 transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.