Asset Planning Inc Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Asset Planning Inc bought a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 666 shares of the asset manager’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $30,000. Raleigh Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the third quarter worth $34,000. Finally, Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $45,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of several research analyst reports. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price objective 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. Barclays lowered their target price 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. Finally, TD Cowen lifted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $139.40 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $123.82 billion, a P/E ratio of 41.86, a P/E/G ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The business’s 50-day moving average is $152.94 and its 200 day moving average is $140.14.

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 given a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

About KKR & Co. Inc.

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.