Corient Private Wealth LLC Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Corient Private Wealth LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 159.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 155,244 shares of the asset manager’s stock after purchasing an additional 95,319 shares during the period. Corient Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $22,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KKR. AMG National Trust Bank purchased a new position in KKR & Co. Inc. during the third quarter valued at $271,000. Cassaday & Co Wealth Management LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $224,000. Meeder Advisory Services Inc. lifted its position in KKR & Co. Inc. by 5.7% during the third quarter. Meeder Advisory Services Inc. now owns 7,857 shares of the asset manager’s stock valued at $1,026,000 after buying an additional 425 shares during the period. Pathstone Holdings LLC lifted its position in KKR & Co. Inc. by 12.4% during the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager’s stock valued at $8,112,000 after buying an additional 6,873 shares during the period. Finally, Caldwell Investment Management Ltd. lifted its position in KKR & Co. Inc. by 3.3% during the third quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock valued at $27,273,000 after buying an additional 6,500 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Oppenheimer lifted their price target 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. Morgan Stanley lowered their price target 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 lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $161.43.

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 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $113.99 on Wednesday. The stock has a 50-day moving average of $140.81 and a 200 day moving average of $141.71. The company has a market capitalization of $101.25 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.00 and a beta of 1.72. 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 quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.