Mill Creek Capital Advisors LLC Makes New $518,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Mill Creek Capital Advisors LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,500 shares of the asset manager’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of KKR & Co. Inc. by 259.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,873 shares of the asset manager’s stock worth $636,000 after acquiring an additional 3,518 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in KKR & Co. Inc. by 25.8% during the third quarter. Valeo Financial Advisors LLC now owns 5,097 shares of the asset manager’s stock valued at $666,000 after purchasing an additional 1,045 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $293,000. Exchange Traded Concepts LLC lifted its position in shares of KKR & Co. Inc. by 10,185.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,274 shares of the asset manager’s stock worth $819,000 after buying an additional 6,213 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $214,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.5 %

KKR & Co. Inc. stock opened at $147.87 on Tuesday. The stock has a 50-day simple moving average of $153.85 and a 200 day simple moving average of $139.76. The stock has a market capitalization of $131.34 billion, a P/E ratio of 44.41, a PEG ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Barclays decreased their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.