Essex Financial Services Inc. Grows Position in KKR & Co. Inc. (NYSE:KKR)

Essex Financial Services Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,012 shares of the asset manager’s stock after purchasing an additional 1,047 shares during the period. Essex Financial Services Inc.’s holdings in KKR & Co. Inc. were worth $2,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt grew its stake in KKR & Co. Inc. by 259.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,873 shares of the asset manager’s stock valued at $636,000 after buying an additional 3,518 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of KKR & Co. Inc. by 25.8% in the third quarter. Valeo Financial Advisors LLC now owns 5,097 shares of the asset manager’s stock valued at $666,000 after purchasing an additional 1,045 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at $293,000. Exchange Traded Concepts LLC raised its stake in shares of KKR & Co. Inc. by 10,185.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,274 shares of the asset manager’s stock valued at $819,000 after purchasing an additional 6,213 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth about $214,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $147.87 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $131.34 billion, a P/E ratio of 44.41, a PEG ratio of 1.05 and a beta of 1.67. The stock has a 50-day moving average price of $153.85 and a 200-day moving average price of $139.76. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. Barclays reduced their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company lowered their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price objective on 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

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.