Townsquare Capital LLC Boosts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Townsquare Capital LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 47.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,530 shares of the asset manager’s stock after buying an additional 6,617 shares during the period. Townsquare Capital LLC’s holdings in KKR & Co. Inc. were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KKR. Farmers & Merchants Investments Inc. boosted its holdings in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after buying an additional 69 shares during the last quarter. Ballentine Partners LLC grew its position in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after buying an additional 70 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $104.20 on Wednesday. The company has a market cap of $92.55 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business has a fifty day moving average of $120.25 and a two-hundred day moving average of $139.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

A number of research firms have recently commented on KKR. Wells Fargo & Company cut their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JMP Securities reduced their price objective on 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. Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price target for the stock from $170.00 to $119.00 in a research note on Tuesday. Finally, Bank of America dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $144.93.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

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.