Bradley Foster & Sargent Inc. CT Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Bradley Foster & Sargent Inc. CT raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,792 shares of the asset manager’s stock after buying an additional 970 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in KKR & Co. Inc. were worth $2,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its holdings in 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 worth $3,486,977,000 after acquiring an additional 481,686 shares during the period. Wellington Management Group LLP lifted its holdings in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Geode Capital Management LLC grew its stake 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 period. Finally, FMR LLC increased its holdings in shares of KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup increased their price target 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. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 1.8 %

Shares of KKR opened at $132.17 on Friday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week 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’s fifty day moving average is $150.98 and its two-hundred day moving average is $140.86. The stock has a market cap of $117.40 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.