MONECO Advisors LLC Has $3.73 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

MONECO Advisors LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 496.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,226 shares of the asset manager’s stock after purchasing an additional 20,996 shares during the period. MONECO Advisors LLC’s holdings in KKR & Co. Inc. were worth $3,731,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KKR. Farmers & Merchants Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.0% in the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after purchasing an additional 78 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of KKR & Co. Inc. by 7.9% in the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 78 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $132.17 on Friday. The business’s 50 day moving average price is $150.54 and its two-hundred day moving average price is $141.04. The company has a market cap of $117.40 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KKR shares. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.