Smartleaf Asset Management LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

Smartleaf Asset Management LLC raised its position in KKR & Co. Inc. (NYSE:KKR) by 54.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,072 shares of the asset manager’s stock after buying an additional 734 shares during the period. Smartleaf Asset Management LLC’s holdings in KKR & Co. Inc. were worth $307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueStem Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $436,000. Metis Global Partners LLC raised its stake in KKR & Co. Inc. by 6.1% in the fourth quarter. Metis Global Partners LLC now owns 30,346 shares of the asset manager’s stock valued at $4,488,000 after buying an additional 1,743 shares in the last quarter. West Michigan Advisors LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $325,000. Williamson Legacy Group LLC boosted its position in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Williamson Legacy Group LLC now owns 8,244 shares of the asset manager’s stock worth $1,219,000 after acquiring an additional 342 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of KKR & Co. Inc. by 4.7% in the 4th quarter. US Bancorp DE now owns 53,186 shares of the asset manager’s stock valued at $7,867,000 after acquiring an additional 2,370 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $119.59 on Wednesday. The stock’s 50-day moving average price is $147.95 and its 200 day moving average price is $142.20. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $106.22 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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 was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced 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 report on Wednesday, February 5th. Oppenheimer increased 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned 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.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus 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.