Short Interest in KKR & Co. Inc. (NYSE:KKR) Decreases By 6.8%

KKR & Co. Inc. (NYSE:KKR) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 10,150,000 shares, a decline of 6.8% from the January 15th total of 10,890,000 shares. Based on an average daily trading volume, of 3,710,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. JMP Securities upped their target price on 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, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Up 1.0 %

NYSE:KKR traded up $1.43 during mid-day trading on Monday, reaching $140.73. The stock had a trading volume of 2,196,704 shares, compared to its average volume of 4,141,067. The business’s 50 day moving average is $152.24 and its 200 day moving average is $140.55. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The stock has a market cap of $125.00 billion, a P/E ratio of 42.26, a PEG ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in KKR. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC boosted its position in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after acquiring an additional 3,391,581 shares during the period. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $325,752,000. Proficio Capital Partners LLC boosted its position in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after acquiring an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Institutional investors own 76.26% of the company’s stock.

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.