KKR & Co. Inc. (NYSE:KKR) Shares Acquired by TRB Advisors LP

TRB Advisors LP increased its position in KKR & Co. Inc. (NYSE:KKR) by 200.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the asset manager’s stock after buying an additional 100,000 shares during the period. KKR & Co. Inc. comprises 3.7% of TRB Advisors LP’s portfolio, making the stock its 6th largest holding. TRB Advisors LP’s holdings in KKR & Co. Inc. were worth $22,186,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KKR. Proficio Capital Partners LLC grew its stake in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the period. Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $218,918,000. Roberts Foundation purchased a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $147,910,000. Amundi grew its stake in KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock worth $316,659,000 after buying an additional 728,515 shares during the period. Finally, American Century Companies Inc. grew its stake in KKR & Co. Inc. by 657.7% during the fourth quarter. American Century Companies Inc. now owns 798,507 shares of the asset manager’s stock worth $118,107,000 after buying an additional 693,121 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.1 %

Shares of NYSE:KKR opened at $116.54 on Friday. The stock has a market capitalization of $103.52 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company’s fifty day moving average is $139.07 and its two-hundred day moving average is $141.31. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued 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 dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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. Oppenheimer upped 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. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $150.00 to $141.00 in a research note on Thursday. Barclays decreased 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. Finally, Keefe, Bruyette & Woods decreased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

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.