Spirit of America Management Corp NY Takes Position in KKR & Co. Inc. (NYSE:KKR)

Spirit of America Management Corp NY purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 900 shares of the asset manager’s stock, valued at approximately $133,000.

Other institutional investors have also bought and sold shares of the company. Stratos Investment Management LLC increased its position in KKR & Co. Inc. by 93.5% in the fourth quarter. Stratos Investment Management LLC now owns 4,610 shares of the asset manager’s stock worth $682,000 after buying an additional 2,228 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of KKR & Co. Inc. by 116.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,184 shares of the asset manager’s stock worth $1,654,000 after acquiring an additional 6,015 shares during the period. Guidance Capital Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $810,000. Mather Group LLC. raised its stake in KKR & Co. Inc. by 7.9% in the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after acquiring an additional 78 shares during the period. Finally, Calamos Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 3.1 %

KKR stock opened at $153.95 on Thursday. The company’s 50 day moving average is $154.42 and its 200 day moving average is $139.03. The stock has a market cap of $136.75 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $90.40 and a 1-year high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. TD Cowen increased their target price 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. Evercore ISI lifted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.50.

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.