1,676 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,676 shares of the asset manager’s stock, valued at approximately $248,000.

Other hedge funds also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, Farmers & Merchants Investments Inc. lifted 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 buying an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $132.55 on Thursday. The business has a 50 day simple moving average of $149.40 and a 200 day simple moving average of $141.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $117.73 billion, a PE ratio of 39.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Company 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.