Aviva PLC Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Aviva PLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 144.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 376,159 shares of the asset manager’s stock after buying an additional 222,167 shares during the quarter. Aviva PLC’s holdings in KKR & Co. Inc. were worth $55,638,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $36,000. Finally, HM Payson & Co. grew its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity 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 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 sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

KKR opened at $92.74 on Friday. KKR & Co. Inc. has a 52-week low of $88.76 and a 52-week high of $170.40. The company has a 50 day moving average of $130.85 and a two-hundred day moving average of $141.06. The company has a market cap of $82.38 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on KKR shares. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.00.

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.