Gateway Investment Advisers LLC Buys 2,169 Shares of KKR & Co. Inc. (NYSE:KKR)

Gateway Investment Advisers LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,788 shares of the asset manager's stock after purchasing an additional 2,169 shares during the period. Gateway Investment Advisers LLC's holdings in KKR & Co. Inc. were worth $7,660,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KKR. Mirador Capital Partners LP raised its holdings in KKR & Co. Inc. by 1.4% during the fourth quarter. Mirador Capital Partners LP now owns 94,412 shares of the asset manager's stock valued at $13,964,000 after acquiring an additional 1,319 shares during the period. USA Financial Formulas boosted its stake in KKR & Co. Inc. by 9.8% in the 4th quarter. USA Financial Formulas now owns 7,477 shares of the asset manager's stock worth $1,106,000 after purchasing an additional 666 shares during the period. Caldwell Investment Management Ltd. raised its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after buying an additional 5,900 shares during the last quarter. Park Avenue Securities LLC lifted its stake in KKR & Co. Inc. by 44.6% in the 4th quarter. Park Avenue Securities LLC now owns 22,868 shares of the asset manager's stock worth $3,382,000 after purchasing an additional 7,058 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in KKR & Co. Inc. by 61.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager's stock valued at $131,777,000 after buying an additional 338,019 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KKR. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. Barclays increased their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.07.

KKR & Co. Inc. Trading Up 2.3 %

Shares of NYSE KKR traded up $3.54 during trading hours on Friday, reaching $156.78. The stock had a trading volume of 562,979 shares, compared to its average volume of 3,159,150. KKR & Co. Inc. has a 52-week low of $80.89 and a 52-week high of $163.68. The firm has a market cap of $139.25 billion, a price-to-earnings ratio of 47.46, a P/E/G ratio of 0.84 and a beta of 1.66. The business's fifty day moving average price is $152.38 and its two-hundred day moving average price is $133.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the business earned $0.73 EPS. Analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

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.