Spirit of America Management Corp NY Takes Position in KKR & Co. Inc. (NYSE:KKR)

Spirit of America Management Corp NY bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 900 shares of the asset manager’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. raised its stake in KKR & Co. Inc. by 56.7% during 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 during the period. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $31,000. Finally, Eastern Bank acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Citigroup boosted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.50.

KKR & Co. Inc. Stock Performance

KKR stock opened at $153.95 on Thursday. 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 firm has a market cap of $136.75 billion, a PE ratio of 46.79, a P/E/G ratio of 0.96 and a beta of 1.67. The business has a 50 day moving average of $154.42 and a 200-day moving average of $139.03. KKR & Co. Inc. has a 12-month low of $90.40 and a 12-month high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.28%.

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.