Kestra Private Wealth Services LLC Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Kestra Private Wealth Services LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,151 shares of the asset manager’s stock after acquiring an additional 836 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in KKR & Co. Inc. were worth $1,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Assenagon Asset Management S.A. lifted its stake in shares of 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 buying an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in KKR & Co. Inc. by 1,181.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after purchasing an additional 501,579 shares in the last quarter. State Street Corp lifted its stake in KKR & Co. Inc. by 1.8% in the 3rd 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 holdings in shares of KKR & Co. Inc. by 2.7% during the 3rd 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 during the last quarter. Finally, International Assets Investment Management LLC grew its position 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 valued at $44,787,000 after purchasing an additional 339,946 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.2 %

Shares of KKR & Co. Inc. stock opened at $139.35 on Thursday. 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. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a market capitalization of $123.77 billion, a P/E ratio of 41.85, a P/E/G ratio of 1.05 and a beta of 1.67. The company has a 50 day moving average of $153.30 and a 200 day moving average of $140.14.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Barclays dropped their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, 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. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.