Allworth Financial LP Has $798,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

Allworth Financial LP grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 84.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,944 shares of the asset manager's stock after purchasing an additional 2,266 shares during the period. Allworth Financial LP's holdings in KKR & Co. Inc. were worth $798,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc increased its stake in KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after buying an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after acquiring an additional 4,719 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $667,000. Caldwell Investment Management Ltd. boosted its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in KKR & Co. Inc. by 42.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock worth $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KKR. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Barclays reduced their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.43.

KKR & Co. Inc. Trading Down 2.8 %

Shares of NYSE:KKR traded down $3.93 during trading on Thursday, reaching $134.54. 7,028,574 shares of the stock were exchanged, compared to its average volume of 4,224,257. The firm's 50-day moving average price is $151.41 and its 200 day moving average price is $140.91. The firm has a market cap of $119.50 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. 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. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.52%. KKR & Co. Inc.'s payout ratio is 21.02%.

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.