Cullen Frost Bankers Inc. Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Cullen Frost Bankers Inc. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 155,749 shares of the asset manager’s stock after buying an additional 3,656 shares during the period. Cullen Frost Bankers Inc.’s holdings in KKR & Co. Inc. were worth $23,037,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Arizona State Retirement System now owns 179,300 shares of the asset manager’s stock worth $26,520,000 after purchasing an additional 1,193 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of KKR & Co. Inc. by 1.0% during the 4th quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager’s stock worth $4,625,000 after purchasing an additional 316 shares during the last quarter. Atria Investments Inc lifted its stake in shares of KKR & Co. Inc. by 11.3% during the 4th quarter. Atria Investments Inc now owns 50,453 shares of the asset manager’s stock worth $7,463,000 after purchasing an additional 5,124 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $77,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $437,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. 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 note on Thursday, February 6th. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company decreased their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Up 2.0 %

Shares of KKR stock opened at $123.15 on Thursday. The stock’s 50-day simple moving average is $147.36 and its 200-day simple moving average is $142.07. 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 firm has a market capitalization of $109.38 billion, a PE ratio of 36.98, a P/E/G ratio of 1.00 and a beta of 1.72. 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 was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

KKR & Co. Inc. 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.