333 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Parkworth Wealth Management Inc.

Parkworth Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 333 shares of the asset manager’s stock, valued at approximately $49,000.

A number of other hedge funds also recently bought and sold shares of KKR. Pettinga Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $238,000. Atria Investments Inc boosted its holdings in KKR & Co. Inc. by 10.3% during the third quarter. Atria Investments Inc now owns 45,329 shares of the asset manager’s stock valued at $5,919,000 after acquiring an additional 4,235 shares during the period. Sigma Planning Corp boosted its holdings in KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in KKR & Co. Inc. by 0.5% during the third quarter. Crossmark Global Holdings Inc. now owns 26,780 shares of the asset manager’s stock valued at $3,497,000 after acquiring an additional 120 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $77,000. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $112.28 on Wednesday. The firm has a market cap of $99.73 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.00 and a beta of 1.72. The company has a 50 day moving average of $144.42 and a 200-day moving average of $142.03. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year 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 0.62%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KKR. Morgan Stanley decreased 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 report on Thursday, February 6th. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays reduced 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 note on Wednesday, February 5th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Oppenheimer increased their target price 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, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

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.