Principal Securities Inc. Has $3.84 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Principal Securities Inc. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,957 shares of the asset manager’s stock after purchasing an additional 1,484 shares during the period. Principal Securities Inc.’s holdings in KKR & Co. Inc. were worth $3,839,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in 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 valued at $72,199,000 after purchasing an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after acquiring an additional 503,365 shares in the last quarter. State Street Corp raised its holdings in shares of KKR & Co. Inc. by 1.8% in the 3rd 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 2.7% in the 3rd 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 during the last quarter. Finally, International Assets Investment Management LLC lifted its position in KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after acquiring an additional 339,946 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 1.0 %

Shares of NYSE KKR opened at $140.73 on Monday. The business’s fifty day moving average price is $152.24 and its 200-day moving average price is $140.55. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock has a market capitalization of $125.00 billion, a PE ratio of 42.26, a P/E/G 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. Announces Dividend

The firm 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 of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JMP Securities increased their price target 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. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of 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 issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.