Bahl & Gaynor Inc. Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Bahl & Gaynor Inc. grew its stake in KKR & Co. Inc. (NYSE:KKR) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,005 shares of the asset manager’s stock after purchasing an additional 21,930 shares during the period. Bahl & Gaynor Inc.’s holdings in KKR & Co. Inc. were worth $48,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pettinga Financial Advisors LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $238,000. US Bancorp DE raised its position in 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 purchasing an additional 4,388 shares during the period. Farther Finance Advisors LLC raised its position in KKR & Co. Inc. by 3.5% in the third quarter. Farther Finance Advisors LLC now owns 11,758 shares of the asset manager’s stock valued at $1,535,000 after purchasing an additional 393 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $77,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of KKR & Co. Inc. by 4.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 106,488 shares of the asset manager’s stock worth $13,905,000 after purchasing an additional 4,763 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.78 on Tuesday. 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 business’s 50 day moving average is $148.61 and its two-hundred day moving average is $142.20. The stock has a market capitalization of $117.94 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

A number of research analysts have commented on KKR shares. 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 on the stock in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley cut 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. Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.