Essex Financial Services Inc. Has $2.37 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Essex Financial Services Inc. raised its stake in KKR & Co. Inc. (NYSE:KKR) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,012 shares of the asset manager’s stock after purchasing an additional 1,047 shares during the period. Essex Financial Services Inc.’s holdings in KKR & Co. Inc. were worth $2,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $31,000. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $147.87 on Tuesday. The company has a market capitalization of $131.34 billion, a P/E ratio of 44.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company’s 50-day moving average is $153.85 and its 200 day moving average is $139.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KKR. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of 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. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.