Congress Wealth Management LLC DE Makes New $360,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Congress Wealth Management LLC DE acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,436 shares of the asset manager’s stock, valued at approximately $360,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. LPL Financial LLC grew its stake in shares of KKR & Co. Inc. by 36.4% in the 4th quarter. LPL Financial LLC now owns 702,200 shares of the asset manager’s stock valued at $103,862,000 after buying an additional 187,317 shares during the period. TRB Advisors LP increased its position in KKR & Co. Inc. by 200.0% in the 4th quarter. TRB Advisors LP now owns 150,000 shares of the asset manager’s stock valued at $22,186,000 after buying an additional 100,000 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,987,000. Finally, American Century Companies Inc. raised its stake in KKR & Co. Inc. by 657.7% during the 4th quarter. American Century Companies Inc. now owns 798,507 shares of the asset manager’s stock worth $118,107,000 after buying an additional 693,121 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $114.90 on Friday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm has a 50-day moving average of $136.07 and a 200 day moving average of $141.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $102.06 billion, a P/E ratio of 34.51, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Barclays decreased their price objective 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. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. 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. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by insiders.

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.