Cassady Schiller Wealth Management LLC Purchases Shares of 246 KKR & Co. Inc. (NYSE:KKR)

Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel.com reports. The fund acquired 246 shares of the asset manager’s stock, valued at approximately $36,000.

A number of other hedge funds also recently made changes to their positions in KKR. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $40,000. HM Payson & Co. lifted its holdings in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $45,000. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 completion of the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents 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 link. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. Oppenheimer lifted 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 downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company lowered their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $113.54 on Monday. The company has a market cap of $100.85 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a 50-day moving average price of $142.16 and a 200-day moving average price of $141.82. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed 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. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

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.