CIBC Private Wealth Group LLC Raises Position in KKR & Co. Inc. (NYSE:KKR)

CIBC Private Wealth Group LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 14.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,331 shares of the asset manager’s stock after purchasing an additional 2,775 shares during the period. CIBC Private Wealth Group LLC’s holdings in KKR & Co. Inc. were worth $3,310,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. HM Payson & Co. increased its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $45,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Up 2.7 %

KKR opened at $120.99 on Thursday. The company has a fifty day moving average of $133.56 and a two-hundred day moving average of $141.47. The stock has a market capitalization of $107.47 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 0.58%. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research analyst reports. Morgan Stanley dropped their price objective 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. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

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.