Mizuho Securities USA LLC Acquires 20,247 Shares of KKR & Co. Inc. (NYSE:KKR)

Mizuho Securities USA LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 46.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,980 shares of the asset manager’s stock after acquiring an additional 20,247 shares during the quarter. Mizuho Securities USA LLC’s holdings in KKR & Co. Inc. were worth $9,463,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. HM Payson & Co. boosted its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after buying an additional 272 shares during the last quarter. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’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 transaction of $197,760,000.00. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. 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 report on Wednesday, February 5th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. 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 report on Thursday, February 6th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Stock Down 0.1 %

KKR & Co. Inc. stock opened at $116.54 on Friday. The stock has a market cap of $103.52 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. 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 twelve month low of $91.92 and a twelve month high of $170.40. The company’s 50-day moving average price is $139.07 and its two-hundred day moving average price is $141.31.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.