Ashton Thomas Securities LLC Buys 1,825 Shares of KKR & Co. Inc. (NYSE:KKR)

Ashton Thomas Securities LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 308.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,417 shares of the asset manager’s stock after acquiring an additional 1,825 shares during the period. Ashton Thomas Securities LLC’s holdings in KKR & Co. Inc. were worth $357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. HM Payson & Co. raised its holdings in KKR & Co. Inc. by 6,800.0% in 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 position in KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $122.27 on Wednesday. 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 business’s fifty day moving average is $138.26 and its 200 day moving average is $141.71. The company has a market capitalization of $108.61 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. 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 sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Oppenheimer boosted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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. 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 company. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

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.