SVB Wealth LLC Takes $1.68 Million Position in KKR & Co. Inc. (NYSE:KKR)

SVB Wealth LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,362 shares of the asset manager's stock, valued at approximately $1,681,000.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its position 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 valued at $322,000 after purchasing an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in KKR & Co. Inc. by 8.9% in 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 purchasing an additional 4,719 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $667,000. Caldwell Investment Management Ltd. lifted its holdings 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 acquiring an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after buying an additional 4,481 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $2.81 during mid-day trading on Monday, reaching $132.78. 5,242,611 shares of the company's stock were exchanged, compared to its average volume of 4,520,175. The business's fifty day simple moving average is $148.93 and its 200 day simple moving average is $142.11. The firm has a market capitalization of $117.94 billion, a PE ratio of 39.87, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on KKR shares. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Barclays lowered their price objective 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. Wells Fargo & Company decreased 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price 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.