Jones Financial Companies Lllp Increases Stake in KKR & Co. Inc. (NYSE:KKR)

Jones Financial Companies Lllp raised its stake in KKR & Co. Inc. (NYSE:KKR) by 36.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,376 shares of the asset manager’s stock after purchasing an additional 4,930 shares during the quarter. Jones Financial Companies Lllp’s holdings in KKR & Co. Inc. were worth $2,718,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $40,000. Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company cut their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $123.15 on Thursday. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The business has a 50 day moving average price of $147.36 and a two-hundred day moving average price of $142.07. The firm has a market cap of $109.38 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

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.