Oppenheimer & Co. Inc. Has $30.44 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Oppenheimer & Co. Inc. grew its position in KKR & Co. Inc. (NYSE:KKR) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,800 shares of the asset manager’s stock after purchasing an additional 1,975 shares during the period. Oppenheimer & Co. Inc.’s holdings in KKR & Co. Inc. were worth $30,440,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. raised its holdings 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 acquiring an additional 65 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.55 on Thursday. The firm has a 50-day moving average of $149.40 and a 200-day moving average of $141.67. 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 stock has a market cap of $117.73 billion, a PE ratio of 39.80, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KKR shares. 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 on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Barclays decreased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.