Capital International Inc. CA Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Capital International Inc. CA boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 348,299 shares of the asset manager’s stock after acquiring an additional 33,826 shares during the quarter. Capital International Inc. CA’s holdings in KKR & Co. Inc. were worth $51,517,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pine Valley Investments Ltd Liability Co purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $233,000. World Investment Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 17.1% in the 3rd quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager’s stock valued at $2,637,000 after buying an additional 2,954 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in KKR & Co. Inc. during the 3rd quarter worth about $2,686,000. Tidal Investments LLC boosted its holdings in KKR & Co. Inc. by 12.1% during the 3rd quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager’s stock valued at $7,195,000 after acquiring an additional 5,935 shares during the period. Finally, American Trust acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $202,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on KKR. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. 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 report on Monday, January 13th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Finally, JMP Securities decreased their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $144.93.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 1.2 %

Shares of NYSE KKR opened at $103.29 on Friday. The business has a 50-day moving average price of $117.65 and a 200 day moving average price of $138.50. The stock has a market cap of $91.75 billion, a PE ratio of 31.02, a price-to-earnings-growth 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. has a 52-week low of $86.15 and a 52-week 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 $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s 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.