Phocas Financial Corp. Invests $214,000 in KKR & Co. Inc. (NYSE:KKR)

Phocas Financial Corp. bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,450 shares of the asset manager’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after purchasing an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $132.55 on Thursday. The stock has a 50-day moving average price of $149.40 and a 200-day moving average price of $141.67. 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 cap of $117.73 billion, a PE ratio of 39.80, 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KKR shares. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target 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.