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

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley reduced their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price target 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. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $140.81 on Wednesday. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a market cap of $125.07 billion, a PE ratio of 42.28, a P/E/G ratio of 1.04 and a beta of 1.67. The stock has a 50-day moving average of $152.01 and a 200-day moving average of $140.70. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued 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 dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of KKR & Co. Inc. by 14.9% during the third quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock valued at $9,027,000 after buying an additional 8,964 shares during the last quarter. Vontobel Holding Ltd. lifted its position in KKR & Co. Inc. by 122.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,523 shares of the asset manager’s stock valued at $2,027,000 after acquiring an additional 8,535 shares in the last quarter. Global Retirement Partners LLC boosted its stake in KKR & Co. Inc. by 35.2% during the 3rd quarter. Global Retirement Partners LLC now owns 3,979 shares of the asset manager’s stock valued at $520,000 after purchasing an additional 1,037 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in KKR & Co. Inc. by 54.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,124 shares of the asset manager’s stock worth $408,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Stratos Investment Management LLC raised its stake in shares of KKR & Co. Inc. by 4.5% in the third quarter. Stratos Investment Management LLC now owns 2,382 shares of the asset manager’s stock worth $311,000 after purchasing an additional 102 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

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.