3,858 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,858 shares of the asset manager’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth $40,000. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KKR. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley cut their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut 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. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Up 2.0 %

Shares of NYSE:KKR opened at $123.15 on Thursday. The company has a market cap of $109.38 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.00 and a beta of 1.72. The stock’s 50-day moving average is $147.36 and its 200-day moving average is $142.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

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.