Global Retirement Partners LLC Acquires 3,933 Shares of KKR & Co. Inc. (NYSE:KKR)

Global Retirement Partners LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 98.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,912 shares of the asset manager’s stock after acquiring an additional 3,933 shares during the quarter. Global Retirement Partners LLC’s holdings in KKR & Co. Inc. were worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. State Street Corp boosted 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 in the last quarter. Wellington Management Group LLP raised its stake 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 acquiring an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after acquiring an additional 124,257 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, FMR LLC grew 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 purchasing an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $132.17 on Friday. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a 50 day simple moving average of $150.98 and a two-hundred day simple moving average of $140.86. The company has a market capitalization of $117.40 billion, a PE ratio of 39.69, a P/E/G ratio of 1.03 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. 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 note on Friday, October 25th. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays reduced their price objective on 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. Wells Fargo & Company lowered their target price on 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, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

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.