Wells Fargo & Company MN Acquires 50,695 Shares of KKR & Co. Inc. (NYSE:KKR)

Wells Fargo & Company MN raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,833,671 shares of the asset manager’s stock after buying an additional 50,695 shares during the quarter. Wells Fargo & Company MN’s holdings in KKR & Co. Inc. were worth $151,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KKR. NBC Securities Inc. bought a new stake in KKR & Co. Inc. during the third quarter valued at about $43,000. Ramirez Asset Management Inc. bought a new stake in KKR & Co. Inc. during the third quarter valued at about $62,000. Vanguard Group Inc. boosted its holdings in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares during the period. CoreFirst Bank & Trust bought a new stake in KKR & Co. Inc. during the third quarter valued at about $58,000. Finally, Wellington Management Group LLP boosted its holdings in KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after acquiring an additional 3,794,837 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $106.50 on Wednesday. KKR & Co. Inc. has a 12-month low of $48.92 and a 12-month high of $107.94. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $94.51 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The firm has a 50-day moving average price of $98.87 and a 200 day moving average price of $88.60.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.66%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KKR shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Barclays upped their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.