LGL Partners LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

LGL Partners LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,590 shares of the asset manager’s stock after purchasing an additional 108 shares during the period. LGL Partners LLC’s holdings in KKR & Co. Inc. were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KKR. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $40,000. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $129.57 on Wednesday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The stock’s fifty day moving average is $149.61 and its two-hundred day moving average is $141.73. The company has a market capitalization of $115.09 billion, a P/E ratio of 38.91, a P/E/G ratio of 1.00 and a beta of 1.67. 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. Dividend Announcement

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 $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 0.54%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. Morgan Stanley decreased their price objective 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 decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective 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. JMP Securities increased 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 report on Tuesday, October 29th. Finally, The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.