Asset Management One Co. Ltd. Acquires 3,421 Shares of KKR & Co. Inc. (NYSE:KKR)

Asset Management One Co. Ltd. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 249,659 shares of the asset manager’s stock after purchasing an additional 3,421 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KKR & Co. Inc. were worth $37,414,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Avestar Capital LLC increased its position in KKR & Co. Inc. by 15.9% during the fourth quarter. Avestar Capital LLC now owns 2,475 shares of the asset manager’s stock worth $366,000 after acquiring an additional 339 shares during the period. MGB Wealth Management LLC increased its position in KKR & Co. Inc. by 10.9% during the fourth quarter. MGB Wealth Management LLC now owns 5,712 shares of the asset manager’s stock worth $845,000 after acquiring an additional 562 shares during the period. Van ECK Associates Corp grew its stake in KKR & Co. Inc. by 30.8% during the fourth quarter. Van ECK Associates Corp now owns 22,457 shares of the asset manager’s stock worth $3,322,000 after buying an additional 5,291 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after buying an additional 503,365 shares in the last quarter. Finally, TFB Advisors LLC grew its stake in KKR & Co. Inc. by 3.8% during the fourth quarter. TFB Advisors LLC now owns 6,078 shares of the asset manager’s stock worth $899,000 after buying an additional 222 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 1.0 %

NYSE:KKR opened at $140.73 on Friday. The firm’s 50 day simple moving average is $152.58 and its 200 day simple moving average is $140.13. 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. has a one year low of $91.92 and a one year high of $170.40. The company has a market cap of $125.00 billion, a PE ratio of 42.26, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.