SMART Wealth LLC Takes $555,000 Position in KKR & Co. Inc. (NYSE:KKR)

SMART Wealth LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,752 shares of the asset manager’s stock, valued at approximately $555,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after acquiring an additional 538,573 shares during the period. Allspring Global Investments Holdings LLC lifted its position in KKR & Co. Inc. by 1,181.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after purchasing an additional 501,579 shares during the period. State Street Corp boosted its stake 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 in the last quarter. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% during 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 buying an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after purchasing an additional 339,946 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.5 %

Shares of KKR stock opened at $151.51 on Friday. The firm has a market capitalization of $134.57 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm’s fifty day simple moving average is $154.30 and its 200 day simple moving average is $139.14. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. 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. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.43.

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.