NewEdge Wealth LLC Acquires 763 Shares of KKR & Co. Inc. (NYSE:KKR)

NewEdge Wealth LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,710 shares of the asset manager’s stock after acquiring an additional 763 shares during the quarter. NewEdge Wealth LLC’s holdings in KKR & Co. Inc. were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in KKR & Co. Inc. by 92.5% during 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 period. State Street Corp lifted its position in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after acquiring an additional 481,686 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of KKR & Co. Inc. by 61.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager’s stock worth $131,777,000 after buying an additional 338,019 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $47,648,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company decreased their price objective 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. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Up 2.5 %

KKR opened at $135.57 on Friday. The stock has a market cap of $120.42 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 1.00 and a beta of 1.67. The stock’s 50 day moving average price is $148.93 and its 200-day moving average price is $141.76. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.