Evoke Wealth LLC Buys 581 Shares of KKR & Co. Inc. (NYSE:KKR)

Evoke Wealth LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,108 shares of the asset manager’s stock after acquiring an additional 581 shares during the period. Evoke Wealth LLC’s holdings in KKR & Co. Inc. were worth $756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Horizon Investments LLC raised its stake in shares of KKR & Co. Inc. by 1.4% during the fourth quarter. Horizon Investments LLC now owns 10,586 shares of the asset manager’s stock valued at $1,566,000 after acquiring an additional 148 shares in the last quarter. Advisors Asset Management Inc. raised its stake in KKR & Co. Inc. by 2.3% in the fourth quarter. Advisors Asset Management Inc. now owns 36,274 shares of the asset manager’s stock worth $5,365,000 after buying an additional 819 shares in the last quarter. PDS Planning Inc bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $202,000. Axxcess Wealth Management LLC raised its stake in KKR & Co. Inc. by 139.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 8,264 shares of the asset manager’s stock worth $1,222,000 after buying an additional 4,816 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KKR. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Barclays reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $113.99 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s fifty day moving average price is $140.81 and its 200 day moving average price is $141.71. 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 $101.25 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by 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.