1,925 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,925 shares of the asset manager’s stock, valued at approximately $285,000.

Several other large investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its holdings in KKR & Co. Inc. by 28.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager’s stock valued at $622,000 after buying an additional 941 shares in the last quarter. Rothschild Capital Partners LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $294,000. Kovitz Investment Group Partners LLC grew its holdings in KKR & Co. Inc. by 54.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 30,622 shares of the asset manager’s stock valued at $4,529,000 after buying an additional 10,748 shares in the last quarter. Voya Investment Management LLC grew its holdings in KKR & Co. Inc. by 10.5% during the 4th quarter. Voya Investment Management LLC now owns 1,511,081 shares of the asset manager’s stock valued at $223,504,000 after buying an additional 143,025 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $1,019,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated 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 approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $113.86 on Tuesday. The firm has a market cap of $101.14 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $113.82 and its two-hundred day simple moving average is $137.53.

KKR & Co. Inc. Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on KKR shares. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. JMP Securities reduced their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Barclays cut their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $144.93.

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.