NEOS Investment Management LLC Acquires 7,453 Shares of KKR & Co. Inc. (NYSE:KKR)

NEOS Investment Management LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 29.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,015 shares of the asset manager’s stock after purchasing an additional 7,453 shares during the quarter. NEOS Investment Management LLC’s holdings in KKR & Co. Inc. were worth $4,883,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $36,000. HM Payson & Co. lifted its stake in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.5 %

Shares of NYSE:KKR opened at $117.61 on Friday. 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. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a market cap of $104.46 billion, a P/E ratio of 35.32, a PEG ratio of 1.00 and a beta of 1.72. The stock’s fifty day moving average price is $136.92 and its 200-day moving average price is $141.38.

KKR & Co. Inc. Announces Dividend

The business also recently announced 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. This represents a $0.70 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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 transaction of $197,760,000.00. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KKR shares. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

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.