Van ECK Associates Corp Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Van ECK Associates Corp boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,457 shares of the asset manager's stock after acquiring an additional 5,291 shares during the period. Van ECK Associates Corp's holdings in KKR & Co. Inc. were worth $3,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager's stock worth $72,199,000 after buying an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock valued at $156,199,000 after buying an additional 503,365 shares during the last quarter. State Street Corp grew its holdings in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock valued at $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager's stock worth $44,787,000 after purchasing an additional 339,946 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 2.8 %

NYSE KKR traded down $3.93 on Thursday, reaching $134.54. The stock had a trading volume of 7,028,574 shares, compared to its average volume of 4,224,257. The stock has a fifty day moving average price of $151.41 and a two-hundred day moving average price of $140.91. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month 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. The firm has a market capitalization of $119.50 billion, a price-to-earnings ratio of 40.40, a P/E/G ratio of 1.04 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KKR shares. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays reduced their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, Citigroup increased their target price 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. One research 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $161.43.

About KKR & Co. Inc.

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.