D.A. Davidson & CO. Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

D.A. Davidson & CO. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,331 shares of the asset manager’s stock after buying an additional 1,158 shares during the quarter. D.A. Davidson & CO.’s holdings in KKR & Co. Inc. were worth $1,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank acquired a new stake in KKR & Co. Inc. during the third quarter valued at $34,000. Private Advisor Group LLC grew its position in shares of KKR & Co. Inc. by 16.4% during the 3rd quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock valued at $2,232,000 after acquiring an additional 2,403 shares during the period. International Assets Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after purchasing an additional 339,946 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of KKR & Co. Inc. by 227.0% in the 3rd quarter. CENTRAL TRUST Co now owns 726 shares of the asset manager’s stock valued at $95,000 after purchasing an additional 504 shares in the last quarter. Finally, Dakota Wealth Management raised its holdings in KKR & Co. Inc. by 6.8% in the 3rd quarter. Dakota Wealth Management now owns 14,743 shares of the asset manager’s stock worth $1,925,000 after purchasing an additional 933 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.17 on Monday. 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 stock’s fifty day moving average is $150.54 and its two-hundred day moving average is $141.26. The firm has a market capitalization of $117.40 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective 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. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.