Evoke Wealth LLC Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Evoke Wealth LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,108 shares of the asset manager’s stock after buying an additional 581 shares during the period. Evoke Wealth LLC’s holdings in KKR & Co. Inc. were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Horizon Investments LLC increased its stake in KKR & Co. Inc. by 1.4% in the 4th quarter. Horizon Investments LLC now owns 10,586 shares of the asset manager’s stock worth $1,566,000 after buying an additional 148 shares in the last quarter. Advisors Asset Management Inc. increased its stake in KKR & Co. Inc. by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 36,274 shares of the asset manager’s stock worth $5,365,000 after buying an additional 819 shares in the last quarter. PDS Planning Inc purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $202,000. Axxcess Wealth Management LLC increased its stake in KKR & Co. Inc. by 139.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 8,264 shares of the asset manager’s stock worth $1,222,000 after buying an additional 4,816 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.5 %

Shares of NYSE KKR opened at $113.99 on Wednesday. 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 has a market cap of $101.25 billion, a P/E ratio of 34.23, a PEG 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. The firm has a 50-day simple moving average of $140.81 and a two-hundred day simple moving average of $141.71.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 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 firm’s stock in a transaction dated 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is owned by insiders.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.