Allspring Global Investments Holdings LLC Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Allspring Global Investments Holdings LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 92.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,047,382 shares of the asset manager’s stock after purchasing an additional 503,365 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of KKR & Co. Inc. worth $156,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in shares of KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after purchasing an additional 538,573 shares during the last quarter. State Street Corp lifted its stake in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after acquiring an additional 481,686 shares during the period. Geode Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of KKR & Co. Inc. by 11,197.2% during the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after purchasing an additional 339,946 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $47,648,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the topic of several analyst reports. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Citigroup increased their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Barclays cut their target price on shares of 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 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Down 3.7 %

KKR stock opened at $142.45 on Wednesday. The stock has a market cap of $126.53 billion, a P/E ratio of 42.78, a PEG ratio of 1.05 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company’s 50 day moving average is $153.61 and its two-hundred day moving average is $139.98.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 0.49%. KKR & Co. Inc.’s dividend payout ratio is presently 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.