Certuity LLC Buys 1,250 Shares of KKR & Co. Inc. (NYSE:KKR)

Certuity LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 79.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,829 shares of the asset manager’s stock after purchasing an additional 1,250 shares during the quarter. Certuity LLC’s holdings in KKR & Co. Inc. were worth $418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. AdvisorNet Financial Inc grew its position in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after buying an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after acquiring an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after purchasing an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.2 %

NYSE KKR opened at $139.35 on Thursday. The stock’s 50 day simple moving average is $153.30 and its 200 day simple moving average is $140.14. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The firm has a market cap of $123.77 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KKR shares. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One investment 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, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price 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.