Rhumbline Advisers Has $157.19 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Rhumbline Advisers lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,062,727 shares of the asset manager's stock after selling 13,870 shares during the quarter. Rhumbline Advisers owned about 0.12% of KKR & Co. Inc. worth $157,188,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KKR. Assenagon Asset Management S.A. boosted its stake in KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager's stock worth $72,199,000 after purchasing an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock worth $156,199,000 after purchasing an additional 503,365 shares in the last quarter. State Street Corp boosted its stake in KKR & Co. Inc. by 1.8% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock worth $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of KKR & Co. Inc. by 11,197.2% during the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager's stock worth $44,787,000 after acquiring an additional 339,946 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 1.5 %

NYSE:KKR traded down $2.04 on Wednesday, reaching $138.56. The company's stock had a trading volume of 3,765,453 shares, compared to its average volume of 4,136,621. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year 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. The firm has a market cap of $123.07 billion, a PE ratio of 41.61, a PEG ratio of 1.04 and a beta of 1.67. The business's 50-day moving average price is $151.41 and its two-hundred day moving average price is $140.91.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. KKR & Co. Inc.'s payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price 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. Barclays dropped their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.43.

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.