SVB Wealth LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

SVB Wealth LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,362 shares of the asset manager’s stock, valued at approximately $1,681,000.

Several other large investors have also recently made changes to their positions in KKR. 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 position in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.5 %

Shares of KKR stock opened at $135.57 on Monday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a fifty day moving average price of $148.93 and a 200-day moving average price of $142.11. 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 company has a market cap of $120.42 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. 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 report on Tuesday, November 19th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, 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 report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given 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, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

About KKR & Co. Inc.

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.