KKR & Co. Inc. (NYSE:KKR) Position Increased by AMG National Trust Bank

AMG National Trust Bank increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,185 shares of the asset manager’s stock after acquiring an additional 106 shares during the period. AMG National Trust Bank’s holdings in KKR & Co. Inc. were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. increased its position in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after buying an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on KKR shares. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Down 0.6 %

KKR stock opened at $115.39 on Friday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a market cap of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The business’s 50-day simple moving average is $145.94 and its 200 day simple moving average is $142.01. 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. Dividend Announcement

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 dividend of $0.175 per share. 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 (DPR) is presently 21.02%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

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.