Soltis Investment Advisors LLC Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Soltis Investment Advisors LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,779 shares of the asset manager’s stock after buying an additional 166 shares during the period. Soltis Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of KKR & Co. Inc. by 3,757.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after purchasing an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of KKR & Co. Inc. by 1,181.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after purchasing an additional 501,579 shares in the last quarter. State Street Corp raised its stake in KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after acquiring an additional 339,946 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of several research analyst reports. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $142.45 on Wednesday. The stock has a market capitalization of $126.53 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. 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’s 50-day moving average price is $153.61 and its 200-day moving average price is $139.98.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. 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.