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

CIBC Asset Management Inc lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,201 shares of the asset manager’s stock after acquiring an additional 4,802 shares during the quarter. CIBC Asset Management Inc’s holdings in KKR & Co. Inc. were worth $16,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KKR. State Street Corp raised its holdings in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after buying an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares during the period. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. Finally, FMR LLC boosted its stake in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after acquiring an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company cut 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 note on Wednesday, February 5th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Morgan Stanley cut their price target on shares of 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, JMP Securities lifted their price objective 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. One 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 data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Price Performance

KKR stock opened at $140.73 on Tuesday. The stock has a 50-day moving average price of $152.24 and a two-hundred day moving average price of $140.55. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The stock has a market cap of $125.00 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 0.50%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

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.