Summit Global Investments Purchases Shares of 2,517 KKR & Co. Inc. (NYSE:KKR)

Summit Global Investments acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,517 shares of the asset manager’s stock, valued at approximately $372,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. during the third quarter worth $40,000. Finally, HM Payson & Co. grew its holdings in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 4.8 %

KKR & Co. Inc. stock opened at $122.15 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $91.92 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 firm’s 50-day simple moving average is $138.68 and its 200 day simple moving average is $141.66. The stock has a market cap of $108.50 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.57%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

Insider Activity

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 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. 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 can be accessed through this link. 39.34% of the stock is currently owned by corporate insiders.

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.