Loomis Sayles & Co. L P Takes Position in KKR & Co. Inc. (NYSE:KKR)

Loomis Sayles & Co. L P purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 455 shares of the asset manager’s stock, valued at approximately $67,000.

A number of other institutional investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. HM Payson & Co. grew its position in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of New Hampshire acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased 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. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. Finally, Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Activity

In other 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 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 directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Down 2.2 %

Shares of NYSE:KKR opened at $114.90 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization 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. The firm has a fifty day moving average price of $136.07 and a 200 day moving average price of $141.69.

KKR & Co. Inc. Dividend Announcement

The business 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. 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%.

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.