BankPlus Trust Department Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

BankPlus Trust Department bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 440 shares of the asset manager’s stock, valued at approximately $65,000.

Several other hedge funds have also added to or reduced their stakes in KKR. Private Advisor Group LLC boosted its holdings in KKR & Co. Inc. by 16.4% in the third quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock worth $2,232,000 after acquiring an additional 2,403 shares in the last quarter. Pettinga Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $238,000. Allworth Financial LP boosted its holdings in KKR & Co. Inc. by 7.7% in the third quarter. Allworth Financial LP now owns 2,678 shares of the asset manager’s stock worth $350,000 after acquiring an additional 191 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $228,000. Finally, PFG Investments LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $217,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 1.2 %

KKR & Co. Inc. stock opened at $129.57 on Wednesday. The stock has a market cap of $115.09 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.00 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 one year low of $91.92 and a one year high of $170.40. The stock has a fifty day moving average of $149.61 and a 200 day moving average of $141.73.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research analyst reports. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, JMP Securities upped their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.