Allspring Global Investments Holdings LLC Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Allspring Global Investments Holdings LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 92.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,047,382 shares of the asset manager’s stock after buying an additional 503,365 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in KKR & Co. Inc. were worth $156,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the third quarter worth $31,000. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Finally, Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KKR shares. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley reduced 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 report on Thursday, February 6th. JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 3.7 %

Shares of KKR opened at $142.45 on Wednesday. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock’s 50-day moving average is $153.61 and its two-hundred day moving average is $139.98. 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 has a market cap of $126.53 billion, a PE ratio of 42.78, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 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.