Islay Capital Management LLC Has $789,000 Stake in KKR & Co. Inc. (NYSE:KKR)

Islay Capital Management LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,332 shares of the asset manager’s stock after purchasing an additional 676 shares during the period. Islay Capital Management LLC’s holdings in KKR & Co. Inc. were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KKR. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock worth $8,384,650,000 after purchasing an additional 441,817 shares during the period. State Street Corp increased its position in KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares in the last quarter. Wellington Management Group LLP increased its position in KKR & Co. Inc. by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after buying an additional 60,147 shares in the last quarter. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. Finally, Norges Bank acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions 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 on 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 completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 9.6 %

Shares of KKR stock opened at $92.74 on Friday. The company has a market capitalization of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company’s fifty day moving average price is $130.85 and its 200-day moving average price is $140.97. KKR & Co. Inc. has a one year low of $88.76 and a one year high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays lowered their price objective on 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. Finally, Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

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.