E Fund Management Co. Ltd. Buys Shares of 1,671 KKR & Co. Inc. (NYSE:KKR)

E Fund Management Co. Ltd. bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,671 shares of the asset manager’s stock, valued at approximately $247,000.

Several other large investors also recently modified their holdings of the stock. Pettinga Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth about $238,000. Van ECK Associates Corp boosted its position in KKR & Co. Inc. by 4.3% during the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock worth $2,378,000 after purchasing an additional 704 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $1,812,000. SpiderRock Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $3,319,000. Finally, Washington Trust Advisors Inc. raised its position in shares of KKR & Co. Inc. by 13.4% in the third quarter. Washington Trust Advisors Inc. now owns 768 shares of the asset manager’s stock valued at $100,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.6 %

Shares of NYSE:KKR opened at $115.39 on Monday. The firm has a market capitalization of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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. has a 52-week low of $91.92 and a 52-week high of $170.40. The firm has a fifty day moving average of $145.94 and a 200 day moving average of $142.18.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Oppenheimer raised 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. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.43.

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.