QRG Capital Management Inc. Acquires 1,843 Shares of KKR & Co. Inc. (NYSE:KKR)

QRG Capital Management Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,418 shares of the asset manager’s stock after buying an additional 1,843 shares during the period. QRG Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $3,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KKR. Pettinga Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $238,000. US Bancorp DE raised its position in shares of KKR & Co. Inc. by 9.5% in the third quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock valued at $6,636,000 after purchasing an additional 4,388 shares during the period. Shepherd Financial Partners LLC bought a new position in shares of KKR & Co. Inc. in the third quarter valued at about $290,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $821,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 3.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,758 shares of the asset manager’s stock worth $1,535,000 after buying an additional 393 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $135.57 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $120.42 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The company has a 50 day moving average of $148.93 and a 200-day moving average of $141.94. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Analysts Set New Price Targets

Several research firms have weighed in on KKR. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Oppenheimer increased their price objective 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. Finally, Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.