TFB Advisors LLC Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

TFB Advisors LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,078 shares of the asset manager’s stock after purchasing an additional 222 shares during the period. TFB Advisors LLC’s holdings in KKR & Co. Inc. were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $31,000. Raleigh Capital Management Inc. boosted its holdings in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. in the third quarter worth $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 3.7 %

Shares of NYSE KKR opened at $142.45 on Wednesday. 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 $126.53 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 1.05 and a beta of 1.67. The stock has a 50 day moving average price of $153.61 and a 200 day moving average price of $139.98. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

Several research firms have recently weighed in on KKR. TD Cowen increased their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. JMP Securities raised their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.