Empowered Funds LLC Has $9.63 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Empowered Funds LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,071 shares of the asset manager’s stock after purchasing an additional 4,341 shares during the period. Empowered Funds LLC’s holdings in KKR & Co. Inc. were worth $9,625,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. boosted its stake in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after buying an additional 65 shares during the period. Wilmington Savings Fund Society FSB increased its stake in KKR & Co. Inc. by 34.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 27,702 shares of the asset manager’s stock worth $4,097,000 after acquiring an additional 7,136 shares during the period. Serenus Wealth Advisors LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $267,000. Kingsview Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 15.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,253 shares of the asset manager’s stock valued at $333,000 after acquiring an additional 302 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 78.5% during the 4th quarter. Apollon Wealth Management LLC now owns 13,343 shares of the asset manager’s stock valued at $1,974,000 after acquiring an additional 5,869 shares during the period. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Barclays reduced their price target 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. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $148.65 on Monday. The firm has a market capitalization of $132.03 billion, a price-to-earnings ratio of 44.64, a PEG ratio of 1.05 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $153.85 and its 200-day moving average price is $139.59. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is presently 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.