Modern Wealth Management LLC Buys New Position in KKR & Co. Inc. (NYSE:KKR)

Modern Wealth Management LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,737 shares of the asset manager’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $36,000. HM Payson & Co. grew its position in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $114.90 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a market capitalization of $102.06 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72. The business has a 50-day moving average of $136.07 and a 200-day moving average of $141.36.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.