Bowen Hanes & Co. Inc. Buys Shares of 40,560 KKR & Co. Inc. (NYSE:KKR)

Bowen Hanes & Co. Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 40,560 shares of the asset manager’s stock, valued at approximately $5,999,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after acquiring an additional 1,759 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $667,000. Caldwell Investment Management Ltd. boosted its stake in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after acquiring an additional 4,481 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $114.23 on Thursday. The firm’s 50 day simple moving average is $143.74 and its 200 day simple moving average is $141.84. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $101.46 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

In other KKR & Co. Inc. 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 value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KKR shares. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target 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. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. 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 on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

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.