Thompson Davis & CO. Inc. Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Thompson Davis & CO. Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,586 shares of the asset manager’s stock after acquiring an additional 261 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in KKR & Co. Inc. were worth $383,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KKR. Sequoia Financial Advisors LLC raised its position in KKR & Co. Inc. by 7.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,604 shares of the asset manager’s stock valued at $1,907,000 after purchasing an additional 1,007 shares during the last quarter. Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $34,000. Private Advisor Group LLC grew its stake in shares of KKR & Co. Inc. by 16.4% during the 3rd quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock worth $2,232,000 after purchasing an additional 2,403 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $335,000. Finally, Greenleaf Trust grew its stake in shares of KKR & Co. Inc. by 47.1% during the 3rd quarter. Greenleaf Trust now owns 5,693 shares of the asset manager’s stock worth $743,000 after purchasing an additional 1,824 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group boosted their price objective 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. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley decreased 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 report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Trading Down 1.8 %

Shares of KKR stock opened at $132.17 on Friday. The firm has a market cap of $117.40 billion, a P/E ratio of 39.69, a PEG ratio of 1.03 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. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50-day simple moving average is $150.98 and its 200-day simple moving average is $140.86.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

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.