VSM Wealth Advisory LLC Makes New $71,000 Investment in KKR & Co. Inc. (NYSE:KKR)

VSM Wealth Advisory LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 479 shares of the asset manager’s stock, valued at approximately $71,000.

A number of other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its holdings in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after buying an additional 69 shares during the period. Ballentine Partners LLC grew its stake in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after buying an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley lowered 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. 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. Finally, Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Trading Up 2.3 %

Shares of KKR stock opened at $116.68 on Thursday. The business has a 50-day moving average price of $140.18 and a two-hundred day moving average price of $141.53. KKR & Co. Inc. has a 12-month low of $91.92 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 firm has a market cap of $103.64 billion, a P/E ratio of 35.04, 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. 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 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.’s payout ratio is 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 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 document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by insiders.

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.