CIBC Asset Management Inc raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,201 shares of the asset manager's stock after purchasing an additional 4,802 shares during the period. CIBC Asset Management Inc's holdings in KKR & Co. Inc. were worth $16,152,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its stake in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after purchasing an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after purchasing an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter valued at $667,000. Caldwell Investment Management Ltd. raised its holdings in shares of KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after acquiring an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Trading Down 0.3 %
KKR traded down $0.35 during trading on Friday, hitting $134.20. 1,202,939 shares of the stock were exchanged, compared to its average volume of 4,132,435. 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 $150.98 and a 200 day simple moving average of $140.86. The firm has a market cap of $119.20 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 1.03 and a beta of 1.67. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.
Analyst Ratings Changes
KKR has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Morgan Stanley reduced their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Barclays dropped their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $161.43.
Get Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Profile
(
Free Report)
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.
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