UniSuper Management Pty Ltd Purchases 7,477 Shares of KKR & Co. Inc. (NYSE:KKR)

UniSuper Management Pty Ltd grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,355 shares of the asset manager’s stock after purchasing an additional 7,477 shares during the quarter. UniSuper Management Pty Ltd’s holdings in KKR & Co. Inc. were worth $26,233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. grew its position in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC increased its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after buying an additional 73 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KKR. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Barclays decreased their target price 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. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Finally, Oppenheimer increased 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR opened at $119.48 on Thursday. The company has a fifty day moving average price of $137.64 and a two-hundred day moving average price of $141.55. The firm has a market capitalization of $106.13 billion, a PE ratio of 35.88, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 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.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

About KKR & Co. Inc.

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.