MGB Wealth Management LLC Buys 562 Shares of KKR & Co. Inc. (NYSE:KKR)

MGB Wealth Management LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 10.9% during the 4th quarter, Holdings Channel reports. The firm owned 5,712 shares of the asset manager’s stock after buying an additional 562 shares during the quarter. MGB Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $845,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KKR. State Street Corp lifted its holdings in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 valued at $2,194,840,000 after acquiring an additional 124,257 shares during 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 worth $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, FMR LLC grew its position in KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after acquiring an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR stock opened at $139.35 on Thursday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $123.77 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The business’s fifty day moving average is $153.30 and its 200-day moving average is $140.14.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued 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 yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analysts Set New Price Targets

Several brokerages have issued reports on KKR. JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Citigroup lifted their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, four have assigned 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, KKR & Co. Inc. currently 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.