Roberts Foundation Invests $147.91 Million in KKR & Co. Inc. (NYSE:KKR)

Roberts Foundation bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000,000 shares of the asset manager’s stock, valued at approximately $147,910,000. KKR & Co. Inc. makes up approximately 70.8% of Roberts Foundation’s portfolio, making the stock its biggest holding. Roberts Foundation owned 0.11% of KKR & Co. Inc. at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after acquiring an additional 1,542,092 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after purchasing an additional 503,365 shares during the last quarter. State Street Corp raised its holdings in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 355,837 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of KKR & Co. Inc. by 61.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager’s stock valued at $131,777,000 after buying an additional 338,019 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.55 on Thursday. The business has a 50 day moving average price of $149.40 and a 200 day moving average price of $141.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $117.73 billion, a P/E ratio of 39.80, a PEG ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KKR shares. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods reduced 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. Wells Fargo & Company cut their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their target price on shares of 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, The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $161.43.

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.