Wealthspire Advisors LLC Has $429,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Wealthspire Advisors LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,902 shares of the asset manager’s stock after buying an additional 590 shares during the quarter. Wealthspire Advisors LLC’s holdings in KKR & Co. Inc. were worth $429,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after buying an additional 4,719 shares during the period. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $667,000. Caldwell Investment Management Ltd. increased its stake in KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after buying an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after buying an additional 4,481 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $132.55 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $149.40 and a 200 day simple moving average of $141.67. The company has a market cap of $117.73 billion, a P/E ratio of 39.80, a P/E/G ratio of 1.00 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.

KKR & Co. Inc. Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased 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 report on Wednesday, February 5th. Barclays decreased their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. 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.