22,354 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Byrne Asset Management LLC

Byrne Asset Management LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,354 shares of the asset manager’s stock, valued at approximately $3,306,000. KKR & Co. Inc. accounts for 2.3% of Byrne Asset Management LLC’s portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Conning Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $353,000. SMART Wealth LLC acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $555,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of KKR & Co. Inc. by 6.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,019 shares of the asset manager’s stock valued at $10,652,000 after buying an additional 4,164 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in KKR & Co. Inc. by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,389,891 shares of the asset manager’s stock worth $205,579,000 after buying an additional 16,574 shares during the period. Finally, Money Concepts Capital Corp bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $813,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research analyst reports. JMP Securities boosted their price objective on 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 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. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Down 1.9 %

NYSE:KKR opened at $148.65 on Friday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm has a market capitalization of $132.03 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $154.13 and its two-hundred day moving average price is $139.22.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.