Rathbones Group PLC Purchases 311,842 Shares of KKR & Co. Inc. (NYSE:KKR)

Rathbones Group PLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 1,216.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 337,482 shares of the asset manager’s stock after buying an additional 311,842 shares during the period. Rathbones Group PLC’s holdings in KKR & Co. Inc. were worth $49,917,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 9.6 %

KKR stock opened at $92.74 on Monday. KKR & Co. Inc. has a fifty-two week low of $86.13 and a fifty-two week high of $170.40. 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 has a market capitalization of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The business’s fifty day moving average price is $130.85 and its two-hundred day moving average price is $141.14.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on KKR. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods dropped their target price on 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. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, Barclays lowered their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.00.

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.