Financial Perspectives Inc Purchases Shares of 1,120 KKR & Co. Inc. (NYSE:KKR)

Financial Perspectives Inc purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,120 shares of the asset manager’s stock, valued at approximately $166,000.

Several other large investors have also added to or reduced their stakes in KKR. Creative Planning lifted its holdings in shares of KKR & Co. Inc. by 14.9% in the 3rd quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock valued at $9,027,000 after buying an additional 8,964 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 35.2% in the 3rd quarter. Global Retirement Partners LLC now owns 3,979 shares of the asset manager’s stock valued at $520,000 after buying an additional 1,037 shares during the period. Blue Trust Inc. lifted its holdings in shares of KKR & Co. Inc. by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 4,591 shares of the asset manager’s stock valued at $599,000 after buying an additional 1,879 shares during the period. OLD National Bancorp IN lifted its holdings in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after buying an additional 85 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of KKR & Co. Inc. by 1,181.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock valued at $71,038,000 after buying an additional 501,579 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target 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. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, Oppenheimer increased 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $140.81 on Wednesday. The company has a market cap of $125.07 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. The stock’s 50 day simple moving average is $152.01 and its 200-day simple moving average is $140.70. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s payout ratio is 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.