KKR & Co. Inc. (NYSE:KKR) Stake Boosted by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 16.7% 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 845,636 shares of the asset manager’s stock after acquiring an additional 120,928 shares during the period. Alliancebernstein L.P. owned about 0.10% of KKR & Co. Inc. worth $125,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KKR. O Shaughnessy Asset Management LLC raised its stake in shares of KKR & Co. Inc. by 29.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 42,703 shares of the asset manager’s stock worth $6,316,000 after purchasing an additional 9,657 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,362,269 shares of the asset manager’s stock valued at $201,493,000 after acquiring an additional 20,631 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in KKR & Co. Inc. by 14.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 22,331 shares of the asset manager’s stock worth $3,310,000 after purchasing an additional 2,775 shares during the last quarter. IPG Investment Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $1,542,000. Finally, Dorsey Wright & Associates acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $5,430,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods decreased their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

Insider Buying and Selling

In related 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 stock was 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 $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 2.7 %

Shares of KKR & Co. Inc. stock opened at $120.99 on Thursday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The firm has a market capitalization of $107.47 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company’s fifty day moving average price is $133.56 and its two-hundred day moving average price is $141.47.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

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.