Jennison Associates LLC Has $12.95 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Jennison Associates LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,551 shares of the asset manager’s stock after selling 6,198 shares during the period. Jennison Associates LLC’s holdings in KKR & Co. Inc. were worth $12,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank raised its position in shares of KKR & Co. Inc. by 8.4% in the 3rd quarter. Czech National Bank now owns 137,387 shares of the asset manager’s stock worth $17,940,000 after acquiring an additional 10,607 shares in the last quarter. Mather Group LLC. grew its stake in KKR & Co. Inc. by 273.5% during the third quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock worth $129,000 after purchasing an additional 722 shares during the period. Dynamic Advisor Solutions LLC grew its stake in KKR & Co. Inc. by 6.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 7,519 shares of the asset manager’s stock worth $982,000 after purchasing an additional 427 shares during the period. Atomi Financial Group Inc. increased its holdings in KKR & Co. Inc. by 28.3% in the third quarter. Atomi Financial Group Inc. now owns 4,582 shares of the asset manager’s stock worth $598,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in KKR & Co. Inc. by 58.1% in the third quarter. Daymark Wealth Partners LLC now owns 12,326 shares of the asset manager’s stock valued at $1,610,000 after buying an additional 4,529 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KKR shares. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. TD Cowen raised their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.50.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $153.95 on Thursday. 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 has a market capitalization 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. KKR & Co. Inc. has a 52-week low of $90.40 and a 52-week high of $170.40. The stock’s 50-day simple moving average is $154.42 and its 200 day simple moving average is $139.03.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 yield of 0.45%. 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.