Short Interest in KKR & Co. Inc. (NYSE:KKR) Decreases By 6.8%

KKR & Co. Inc. (NYSE:KKR) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 10,150,000 shares, a decline of 6.8% from the January 15th total of 10,890,000 shares. Based on an average daily volume of 3,710,000 shares, the short-interest ratio is presently 2.7 days.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $1.43 on Monday, reaching $140.73. The company’s stock had a trading volume of 2,196,704 shares, compared to its average volume of 4,141,067. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $125.00 billion, a PE ratio of 42.26, a PEG ratio of 1.05 and a beta of 1.67. The firm’s 50 day moving average is $152.24 and its two-hundred day moving average is $140.55.

KKR & Co. Inc. Dividend Announcement

The firm 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 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% in the 3rd 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 last quarter. Eastern Bank acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on KKR. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. TD Cowen boosted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft boosted 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, Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average 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.