KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 131.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,681 shares of the asset manager’s stock after purchasing an additional 31,662 shares during the period. KKR & Co. Inc. comprises about 0.9% of Denali Advisors LLC’s portfolio, making the stock its 19th biggest holding. Denali Advisors LLC’s holdings in KKR & Co. Inc. were worth $8,236,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in shares of KKR & Co. Inc. by 16.4% in the third quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock worth $2,232,000 after acquiring an additional 2,403 shares during the period. Pettinga Financial Advisors LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter worth about $238,000. Allworth Financial LP boosted its position in KKR & Co. Inc. by 7.7% during the third quarter. Allworth Financial LP now owns 2,678 shares of the asset manager’s stock worth $350,000 after purchasing an additional 191 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in KKR & Co. Inc. during the third quarter worth approximately $228,000. Finally, PFG Investments LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $217,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays decreased their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 1.2 %

Shares of KKR & Co. Inc. stock opened at $129.57 on Wednesday. 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’s 50 day simple moving average is $149.61 and its 200-day simple moving average is $141.73. The stock has a market cap of $115.09 billion, a P/E ratio of 38.91, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business 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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.