Wilmington Savings Fund Society FSB Grows Position in KKR & Co. Inc. (NYSE:KKR)

Wilmington Savings Fund Society FSB boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 34.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,702 shares of the asset manager’s stock after buying an additional 7,136 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in KKR & Co. Inc. were worth $4,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $31,000. Finally, Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KKR shares. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $148.65 on Friday. The stock has a 50-day moving average price of $153.85 and a 200 day moving average price of $139.44. 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 capitalization of $132.03 billion, a P/E ratio of 44.64, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is currently 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.