Pilgrim Partners Asia Pte Ltd Takes $34,000 Position in KKR & Co. Inc. (NYSE:KKR)

Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 230 shares of the asset manager’s stock, valued at approximately $34,000.

Several other hedge funds have also recently modified their holdings of KKR. Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $325,752,000. Proficio Capital Partners LLC lifted its stake in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $218,918,000. Finally, Roberts Foundation acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $147,910,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $92.74 on Friday. KKR & Co. Inc. has a fifty-two week low of $88.76 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. The company has a 50 day moving average price of $130.85 and a 200 day moving average price of $141.06. The stock has a market capitalization of $82.38 billion, a P/E ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $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 is available through this link. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research reports. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res lowered 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 report on Thursday, December 12th. Barclays reduced their price target 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. 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 for the company in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price 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.