Handelsbanken Fonder AB Has $40.47 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Handelsbanken Fonder AB boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,609 shares of the asset manager’s stock after purchasing an additional 31,119 shares during the period. Handelsbanken Fonder AB’s holdings in KKR & Co. Inc. were worth $40,470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in KKR & Co. Inc. by 1.8% during the third 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 period. Wellington Management Group LLP increased its position in KKR & Co. Inc. by 0.3% during the 3rd 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 period. Massachusetts Financial Services Co. MA raised its stake in KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 355,837 shares in the last quarter. Finally, FMR LLC raised its holdings in KKR & Co. Inc. by 1.5% in the 3rd 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 in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 2.8 %

Shares of NYSE:KKR opened at $134.54 on Friday. The stock has a market cap of $119.50 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 1.04 and a beta of 1.67. The company has a quick ratio of 0.07, a current 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 business’s 50 day moving average is $151.41 and its 200 day moving average is $140.91.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. 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 for the company in a research report on Wednesday, February 5th. Finally, TD Cowen increased their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average 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.