D.A. Davidson & CO. Increases Stake in KKR & Co. Inc. (NYSE:KKR)

D.A. Davidson & CO. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,331 shares of the asset manager’s stock after buying an additional 1,158 shares during the period. D.A. Davidson & CO.’s holdings in KKR & Co. Inc. were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KKR. Farmers & Merchants Investments Inc. raised its stake in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. Ballentine Partners LLC increased its holdings in KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC raised its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. Calamos Wealth Management LLC boosted its stake in shares of KKR & Co. Inc. by 2.0% in the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after buying an additional 78 shares during the period. Finally, Mather Group LLC. grew its position in shares of KKR & Co. Inc. by 7.9% during the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock worth $157,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $132.17 on Monday. The stock has a market cap of $117.40 billion, a P/E ratio of 39.69, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The stock has a 50 day moving average of $150.54 and a two-hundred day moving average of $141.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

KKR has been the topic of several analyst reports. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Barclays decreased 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 report on Wednesday, February 5th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JMP Securities upped their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

About KKR & Co. Inc.

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.