First Bank & Trust Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

First Bank & Trust raised its position in KKR & Co. Inc. (NYSE:KKR) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,324 shares of the asset manager’s stock after purchasing an additional 554 shares during the period. First Bank & Trust’s holdings in KKR & Co. Inc. were worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Creative Planning boosted its stake in KKR & Co. Inc. by 14.9% during the third quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock valued at $9,027,000 after buying an additional 8,964 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of KKR & Co. Inc. by 7.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,604 shares of the asset manager’s stock valued at $1,907,000 after acquiring an additional 1,007 shares during the last quarter. Signaturefd LLC grew its holdings in shares of KKR & Co. Inc. by 16.5% during the third quarter. Signaturefd LLC now owns 8,104 shares of the asset manager’s stock worth $1,058,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $34,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $138.56 on Thursday. The business has a 50 day moving average of $151.41 and a 200 day moving average of $140.91. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a market cap of $123.07 billion, a PE ratio of 41.61, a P/E/G ratio of 1.04 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KKR shares. Citigroup lifted their target price 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. TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays cut their price objective 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. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently 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.