519 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, HoldingsChannel reports. The firm bought 519 shares of the asset manager’s stock, valued at approximately $77,000.

A number of other large investors have also bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Finally, Farmers & Merchants Investments Inc. boosted its position in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 2.0 %

KKR opened at $123.15 on Thursday. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The stock’s fifty day simple moving average is $147.36 and its 200 day simple moving average is $142.07. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $109.38 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KKR. Morgan Stanley reduced their price target on 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. 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. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price target on 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. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock 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.