Convergence Investment Partners LLC Purchases New Position in KKR & Co. Inc. (NYSE:KKR)

Convergence Investment Partners LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,612 shares of the asset manager’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $30,000. Raleigh Capital Management Inc. grew its stake 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 buying an additional 85 shares in the last quarter. Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Finally, Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $40,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective 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. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Down 1.5 %

Shares of NYSE KKR opened at $138.56 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $123.07 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 1.04 and a beta of 1.67. The stock has a 50 day moving average price of $151.41 and a 200 day moving average price of $140.91. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

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.