KKR & Co. Inc. (NYSE:KKR) Short Interest Down 6.8% in January

KKR & Co. Inc. (NYSE:KKR) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,150,000 shares, a decrease of 6.8% from the January 15th total of 10,890,000 shares. Based on an average trading volume of 3,710,000 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $30,000. Raleigh Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the period. Finally, Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $34,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock traded up $0.25 during midday trading on Tuesday, hitting $140.81. 3,329,810 shares of the stock were exchanged, compared to its average volume of 4,122,829. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50-day moving average price is $152.01 and its 200-day moving average price is $140.70. The stock has a market cap of $125.07 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KKR shares. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. 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. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target 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.