Sanctuary Advisors LLC lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,319 shares of the asset manager's stock after acquiring an additional 5,578 shares during the period. Sanctuary Advisors LLC's holdings in KKR & Co. Inc. were worth $14,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares during the period. Ballentine Partners LLC boosted its position in KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after buying an additional 70 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after buying an additional 73 shares during the last quarter. Calamos Wealth Management LLC increased its holdings in KKR & Co. Inc. by 2.0% in the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager's stock worth $580,000 after buying an additional 78 shares during the period. Finally, Mather Group LLC. raised its position in KKR & Co. Inc. by 7.9% during the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager's stock worth $157,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on KKR shares. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a report on Monday, November 11th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.43.
Check Out Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
NYSE:KKR traded down $3.93 during trading hours on Thursday, reaching $134.54. 7,028,574 shares of the company were exchanged, compared to its average volume of 4,224,257. 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 firm has a market cap of $119.50 billion, a PE ratio of 40.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock's 50-day moving average is $151.41 and its 200-day moving average is $140.91.
KKR & Co. Inc. Dividend Announcement
The company 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 $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.
KKR & Co. Inc. Profile
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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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