TFB Advisors LLC Boosts Stake in KKR & Co. Inc. (NYSE:KKR)

TFB Advisors LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,078 shares of the asset manager’s stock after acquiring an additional 222 shares during the period. TFB Advisors LLC’s holdings in KKR & Co. Inc. were worth $899,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $30,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $31,000. Finally, Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $34,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $142.45 on Wednesday. The company’s fifty day moving average price is $153.61 and its 200 day moving average price is $139.98. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month 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 firm has a market capitalization of $126.53 billion, a P/E ratio of 42.78, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KKR. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Morgan Stanley reduced their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.