Capital Group Private Client Services Inc. Has $26.65 Million Position in KKR & Co. Inc. (NYSE:KKR)

Capital Group Private Client Services Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 42.8% during the 4th quarter, HoldingsChannel reports. The firm owned 180,146 shares of the asset manager’s stock after purchasing an additional 53,958 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in KKR & Co. Inc. were worth $26,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $36,000. Finally, HM Payson & Co. increased its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares during the period. Institutional investors own 76.26% of the company’s stock.

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 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 in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 1.2 %

KKR stock opened at $103.29 on Friday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $118.43 and its 200-day moving average is $138.68. The firm has a market cap of $91.75 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. 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 analysts recently weighed in on the company. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their target price for the company from $170.00 to $119.00 in a research note on Tuesday. Barclays lowered their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, April 4th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.93.

KKR & Co. Inc. 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.