Sumitomo Mitsui DS Asset Management Company Ltd Purchases 4,164 Shares of KKR & Co. Inc. (NYSE:KKR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,019 shares of the asset manager’s stock after buying an additional 4,164 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KKR & Co. Inc. were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,389,891 shares of the asset manager’s stock worth $205,579,000 after purchasing an additional 16,574 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $813,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in KKR & Co. Inc. by 48.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,606 shares of the asset manager’s stock worth $11,297,000 after purchasing an additional 24,607 shares during the period. Y.D. More Investments Ltd increased its position in KKR & Co. Inc. by 123.8% during the fourth quarter. Y.D. More Investments Ltd now owns 846 shares of the asset manager’s stock worth $125,000 after buying an additional 468 shares during the last quarter. Finally, Jackson Wealth Management LLC raised its stake in KKR & Co. Inc. by 38.1% in the fourth quarter. Jackson Wealth Management LLC now owns 3,213 shares of the asset manager’s stock valued at $475,000 after buying an additional 886 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KKR shares. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $148.65 on Friday. The business has a fifty day moving average price of $154.13 and a two-hundred day moving average price of $139.22. The stock has a market capitalization of $132.03 billion, a PE ratio of 45.18, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. 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. Investors of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

KKR & Co. Inc. Company 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.