Parallel Advisors LLC Has $1.41 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Parallel Advisors LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,544 shares of the asset manager’s stock after acquiring an additional 569 shares during the quarter. Parallel Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,412,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KKR. Harbour Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 12.4% during the 4th quarter. Harbour Investments Inc. now owns 1,195 shares of the asset manager’s stock valued at $177,000 after buying an additional 132 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of KKR & Co. Inc. by 159.1% during the 4th quarter. Corient Private Wealth LLC now owns 155,244 shares of the asset manager’s stock valued at $22,962,000 after buying an additional 95,319 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of KKR & Co. Inc. by 24.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 35,946 shares of the asset manager’s stock valued at $5,317,000 after buying an additional 7,105 shares during the last quarter. one8zero8 LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $653,000. Finally, Choate Investment Advisors lifted its holdings in shares of KKR & Co. Inc. by 1.7% during the 4th quarter. Choate Investment Advisors now owns 13,956 shares of the asset manager’s stock valued at $2,064,000 after buying an additional 233 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $113.99 on Wednesday. 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 business’s 50 day moving average is $140.81 and its two-hundred day moving average is $141.71. The company has a market cap of $101.25 billion, a P/E ratio of 34.23, a P/E/G 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.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KKR. Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, HSBC downgraded 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 note on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.43.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is owned by insiders.

About KKR & Co. Inc.

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.