Howard Capital Management Inc. Buys 207 Shares of KKR & Co. Inc. (NYSE:KKR)

Howard Capital Management Inc. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,075 shares of the asset manager’s stock after acquiring an additional 207 shares during the period. Howard Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $603,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $40,000. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $45,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KKR. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Oppenheimer boosted their target price 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 raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company decreased their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 0.8 %

KKR stock opened at $131.13 on Tuesday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock has a market capitalization of $116.47 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. 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 simple moving average is $150.54 and its two-hundred day simple moving average is $141.49.

KKR & Co. Inc. Announces Dividend

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 given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) 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.