Fisher Funds Management LTD Takes Position in KKR & Co. Inc. (NYSE:KKR)

Fisher Funds Management LTD purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 129,284 shares of the asset manager’s stock, valued at approximately $19,157,000.

Several other hedge funds have also modified their holdings of the stock. Sigma Planning Corp grew its stake in shares of KKR & Co. Inc. by 1.7% during the fourth quarter. Sigma Planning Corp now owns 6,598 shares of the asset manager’s stock valued at $976,000 after purchasing an additional 109 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of KKR & Co. Inc. by 11.2% during the fourth quarter. Thompson Davis & CO. Inc. now owns 2,586 shares of the asset manager’s stock valued at $383,000 after purchasing an additional 261 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of KKR & Co. Inc. by 6.1% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 16,792 shares of the asset manager’s stock valued at $2,484,000 after purchasing an additional 970 shares during the last quarter. Paradigm Asset Management Co. LLC grew its stake in shares of KKR & Co. Inc. by 92.5% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 5,204 shares of the asset manager’s stock valued at $770,000 after purchasing an additional 2,500 shares during the last quarter. Finally, First Bank & Trust boosted its stake in KKR & Co. Inc. by 8.2% in the fourth quarter. First Bank & Trust now owns 7,324 shares of the asset manager’s stock valued at $1,083,000 after acquiring an additional 554 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.8 %

Shares of NYSE KKR opened at $132.17 on Friday. The company’s fifty day moving average is $150.54 and its 200-day moving average is $141.04. The stock has a market cap of $117.40 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.