one8zero8 LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

one8zero8 LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 4,416 shares of the asset manager’s stock, valued at approximately $653,000.

Several other institutional investors have also recently modified their holdings of KKR. Proficio Capital Partners LLC increased its holdings in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $218,918,000. Roberts Foundation purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth $147,910,000. Amundi lifted its position in KKR & Co. Inc. by 51.8% during the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock valued at $316,659,000 after purchasing an additional 728,515 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after purchasing an additional 503,365 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays decreased their price target 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 Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Oppenheimer boosted their target price 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. Finally, Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $113.54 on Monday. 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 stock’s 50 day simple moving average is $142.16 and its 200-day simple moving average is $141.82. The company has a market cap of $100.85 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued 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 0.62%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

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 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 transaction was disclosed in a filing with the SEC, which is available at this link. 39.34% of the stock is currently owned by corporate insiders.

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.