519 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 519 shares of the asset manager’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $437,000. Commerzbank Aktiengesellschaft FI lifted its position in KKR & Co. Inc. by 40.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,598 shares of the asset manager’s stock worth $534,000 after buying an additional 1,037 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in KKR & Co. Inc. by 7.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 331,005 shares of the asset manager’s stock worth $48,959,000 after buying an additional 21,930 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in KKR & Co. Inc. by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock worth $557,965,000 after buying an additional 85,461 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in KKR & Co. Inc. by 9.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 38,542 shares of the asset manager’s stock worth $5,701,000 after buying an additional 3,471 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $123.15 on Thursday. The stock has a 50-day moving average of $147.36 and a 200-day moving average of $142.07. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $109.38 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KKR shares. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock 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.