KKR & Co. Inc. (NYSE:KKR) Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,522 shares of the asset manager’s stock after purchasing an additional 1,174 shares during the quarter. Manchester Capital Management LLC’s holdings in KKR & Co. Inc. were worth $669,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter worth $30,000. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. in the 3rd quarter worth $34,000. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. in the 4th quarter worth $45,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KKR shares. The Goldman Sachs Group boosted 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. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. TD Cowen boosted their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays lowered their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Up 1.0 %

KKR & Co. Inc. stock opened at $140.73 on Friday. The firm has a market cap of $125.00 billion, a PE ratio of 42.26, a P/E/G 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. The firm’s 50 day moving average price is $152.58 and its two-hundred day moving average price is $140.13. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

About KKR & Co. Inc.

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.