Steward Partners Investment Advisory LLC Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Steward Partners Investment Advisory LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,542 shares of the asset manager’s stock after buying an additional 3,471 shares during the period. Steward Partners Investment Advisory LLC’s holdings in KKR & Co. Inc. were worth $5,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $40,000. Bank of New Hampshire bought a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $123.15 on Thursday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The business’s fifty day simple moving average is $147.36 and its 200-day simple moving average is $142.07. 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 $109.38 billion, a PE ratio of 36.98, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given 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 is currently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley decreased their price target 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. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given 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 price target of $161.43.

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.