Resona Asset Management Co. Ltd. Purchases New Shares in KKR & Co. Inc. (NYSE:KKR)

Resona Asset Management Co. Ltd. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 177,895 shares of the asset manager’s stock, valued at approximately $26,362,000.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective 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. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Bank of America cut their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday. Finally, Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

KKR & Co. Inc. Stock Down 9.6 %

Shares of KKR opened at $92.74 on Friday. The company has a 50-day simple moving average of $130.85 and a 200-day simple moving average of $141.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $82.38 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52 week low of $88.76 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other 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 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 in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is 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.