CIBC Asset Management Inc Acquires 4,802 Shares of KKR & Co. Inc. (NYSE:KKR)

CIBC Asset Management Inc raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.6% in the 4th quarter, HoldingsChannel reports. The firm owned 109,201 shares of the asset manager’s stock after buying an additional 4,802 shares during the period. CIBC Asset Management Inc’s holdings in KKR & Co. Inc. were worth $16,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KKR. Farmers & Merchants Investments Inc. raised its position in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after buying an additional 73 shares during the last quarter. Calamos Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 2.0% during the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock worth $580,000 after buying an additional 78 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in KKR & Co. Inc. by 7.9% in the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after buying an additional 78 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KKR. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company cut their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $140.73 on Tuesday. 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. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a 50 day simple moving average of $152.24 and a two-hundred day simple moving average of $140.55. The company has a market capitalization of $125.00 billion, a PE ratio of 42.26, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is 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.