KKR & Co. Inc. (NYSE:KKR) Position Increased by MGB Wealth Management LLC

MGB Wealth Management LLC boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,712 shares of the asset manager’s stock after purchasing an additional 562 shares during the period. MGB Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position 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 worth $3,486,977,000 after acquiring an additional 481,686 shares in the last quarter. Wellington Management Group LLP increased its position in KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after buying an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 355,837 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after acquiring an additional 165,631 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KKR shares. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, JMP Securities increased their price objective on 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $139.35 on Thursday. The company has a 50-day moving average of $153.30 and a 200-day moving average of $140.14. The company has a market capitalization of $123.77 billion, a price-to-earnings ratio of 41.85, a PEG 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 debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

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

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.