KKR & Co. Inc. (NYSE:KKR) Stake Raised by Certuity LLC

Certuity LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 79.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,829 shares of the asset manager’s stock after acquiring an additional 1,250 shares during the quarter. Certuity LLC’s holdings in KKR & Co. Inc. were worth $418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KKR. Sovran Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $243,000. Essex Financial Services Inc. lifted its position in KKR & Co. Inc. by 7.0% in the 4th quarter. Essex Financial Services Inc. now owns 16,012 shares of the asset manager’s stock worth $2,368,000 after buying an additional 1,047 shares in the last quarter. Mill Creek Capital Advisors LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $518,000. Summit Trail Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 48.4% during the 4th quarter. Summit Trail Advisors LLC now owns 5,871 shares of the asset manager’s stock valued at $868,000 after buying an additional 1,916 shares during the period. Finally, Sapient Capital LLC grew its holdings in shares of KKR & Co. Inc. by 1.4% during the 4th quarter. Sapient Capital LLC now owns 363,095 shares of the asset manager’s stock valued at $53,705,000 after acquiring an additional 4,963 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.2 %

KKR stock opened at $139.35 on Thursday. The stock has a market capitalization of $123.77 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a 50-day moving average of $153.30 and a two-hundred day moving average of $140.14. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week 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. Announces Dividend

The firm 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 of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KKR. Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Citigroup boosted their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.