Farther Finance Advisors LLC Has $2.25 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Farther Finance Advisors LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,232 shares of the asset manager’s stock after buying an additional 3,474 shares during the period. Farther Finance Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,253,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $40,000. HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% during the 4th 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 last quarter. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.9 %

NYSE:KKR opened at $114.23 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $101.46 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The firm’s 50 day moving average is $143.74 and its 200 day moving average is $141.84. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays cut their price target on 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. Keefe, Bruyette & Woods cut their price target on 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. Wells Fargo & Company cut their price target on 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. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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 that occurred 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 sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. 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.