Modern Wealth Management LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Modern Wealth Management LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,737 shares of the asset manager’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock valued at $8,384,650,000 after purchasing an additional 441,817 shares during the last quarter. State Street Corp lifted its holdings in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Wellington Management Group LLP grew 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 during the last quarter. Geode Capital Management LLC grew its position in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in KKR & Co. Inc. by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock valued at $557,965,000 after buying an additional 85,461 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Barclays reduced their target price on shares of 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. Morgan Stanley reduced their price objective on shares of 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. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $114.90 on Friday. The stock has a fifty day moving average price of $136.07 and a 200 day moving average price of $141.36. 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 stock has a market cap of $102.06 billion, a PE ratio of 34.51, a P/E/G 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.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.