Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 49.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,413 shares of the asset manager’s stock after purchasing an additional 2,778 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in KKR & Co. Inc. were worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KKR. AdvisorNet Financial Inc grew its holdings in shares of KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after purchasing an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after buying an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock valued at $16,889,000 after acquiring an additional 38,524 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Morgan Stanley dropped their price objective on 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. Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Up 2.3 %

Shares of NYSE KKR opened at $116.68 on Thursday. The business has a 50-day moving average of $140.18 and a two-hundred day moving average of $141.53. The company has a market capitalization of $103.64 billion, a price-to-earnings ratio of 35.04, 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 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. 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 paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s 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 transaction, the insider now 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

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.