KKR & Co. Inc. (NYSE:KKR) Stock Holdings Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in KKR & Co. Inc. (NYSE:KKR) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,355 shares of the asset manager’s stock after buying an additional 7,477 shares during the period. UniSuper Management Pty Ltd’s holdings in KKR & Co. Inc. were worth $26,233,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KKR. Kingsview Wealth Management LLC bought a new stake in KKR & Co. Inc. in the third quarter worth about $255,000. Pitcairn Co. acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $216,000. Swedbank AB raised its holdings in shares of KKR & Co. Inc. by 10.6% in the 3rd quarter. Swedbank AB now owns 72,374 shares of the asset manager’s stock worth $9,451,000 after purchasing an additional 6,942 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in KKR & Co. Inc. by 9.7% during the third quarter. Summit Trail Advisors LLC now owns 3,955 shares of the asset manager’s stock valued at $517,000 after purchasing an additional 349 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley cut 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 report on Thursday, February 6th. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Trading Down 2.2 %

Shares of NYSE:KKR opened at $119.48 on Thursday. The firm has a fifty day moving average of $137.64 and a two-hundred day moving average of $141.55. 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. has a 12-month low of $91.92 and a 12-month high of $170.40. The firm has a market capitalization of $106.13 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently announced 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 of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Insiders Place Their Bets

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 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 completion of the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 39.34% of the company’s stock.

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.