TCW Group Inc. Has $45.53 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

TCW Group Inc. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 307,804 shares of the asset manager’s stock after buying an additional 55,876 shares during the quarter. TCW Group Inc.’s holdings in KKR & Co. Inc. were worth $45,527,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $30,000. Eastern Bank acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth $34,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $45,000. Finally, Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. JMP Securities increased their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. 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. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $132.17 on Friday. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.00 and a beta of 1.67. The business has a 50-day moving average of $150.54 and a 200-day moving average of $141.04. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business 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 $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s 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.