Convergence Investment Partners LLC Acquires New Shares in KKR & Co. Inc. (NYSE:KKR)

Convergence Investment Partners LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,612 shares of the asset manager’s stock, valued at approximately $238,000.

Several other institutional investors also recently modified their holdings of KKR. AdvisorNet Financial Inc boosted its holdings in shares of KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after acquiring an additional 1,759 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after purchasing an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $667,000. Caldwell Investment Management Ltd. boosted its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after purchasing an additional 5,900 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after purchasing an additional 4,481 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 1.5 %

NYSE KKR opened at $138.56 on Thursday. The stock’s 50 day moving average is $151.41 and its 200 day moving average is $140.91. 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. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market cap of $123.07 billion, a PE ratio of 41.61, a P/E/G ratio of 1.04 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. TD Cowen boosted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of 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. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target 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.