Williamson Legacy Group LLC Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Williamson Legacy Group LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,244 shares of the asset manager’s stock after purchasing an additional 342 shares during the period. Williamson Legacy Group LLC’s holdings in KKR & Co. Inc. were worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. Pettinga Financial Advisors LLC purchased a new position in KKR & Co. Inc. during the third quarter worth approximately $238,000. PFG Investments LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $217,000. First Trust Direct Indexing L.P. lifted its position in shares of KKR & Co. Inc. by 43.2% in the third quarter. First Trust Direct Indexing L.P. now owns 11,490 shares of the asset manager’s stock valued at $1,500,000 after acquiring an additional 3,465 shares in the last quarter. US Bancorp DE lifted its position in shares of KKR & Co. Inc. by 9.5% in the third quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock valued at $6,636,000 after acquiring an additional 4,388 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in shares of KKR & Co. Inc. by 4.4% in the third quarter. Stephens Inc. AR now owns 143,039 shares of the asset manager’s stock valued at $18,678,000 after acquiring an additional 6,077 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $135.57 on Friday. The business has a fifty day moving average of $148.93 and a two-hundred day moving average of $141.76. 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 stock has a market cap of $120.42 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays decreased their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their target price on 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. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.