West Michigan Advisors LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

West Michigan Advisors LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,196 shares of the asset manager’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Williamson Legacy Group LLC increased its stake in KKR & Co. Inc. by 4.3% in the 4th quarter. Williamson Legacy Group LLC now owns 8,244 shares of the asset manager’s stock worth $1,219,000 after buying an additional 342 shares in the last quarter. US Bancorp DE grew its position in shares of KKR & Co. Inc. by 4.7% during the fourth quarter. US Bancorp DE now owns 53,186 shares of the asset manager’s stock worth $7,867,000 after purchasing an additional 2,370 shares in the last quarter. Fisher Asset Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $245,000. SVB Wealth LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $1,681,000. Finally, Flputnam Investment Management Co. purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $215,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $135.57 on Friday. 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 company has a market capitalization of $120.42 billion, a PE ratio of 40.71, a P/E/G ratio of 1.00 and a beta of 1.67. The company has a 50 day moving average price of $148.93 and a 200-day moving average price of $141.94. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on 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. Finally, Oppenheimer boosted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Company 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.