Global Retirement Partners LLC Purchases 3,933 Shares of KKR & Co. Inc. (NYSE:KKR)

Global Retirement Partners LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 98.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,912 shares of the asset manager’s stock after buying an additional 3,933 shares during the period. Global Retirement Partners LLC’s holdings in KKR & Co. Inc. were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Allspring Global Investments Holdings LLC increased its position in KKR & Co. Inc. by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after buying an additional 503,365 shares during the last quarter. State Street Corp boosted its stake in shares of KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after acquiring an additional 481,686 shares during the period. Geode Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. International Assets Investment Management LLC raised its stake in KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after acquiring an additional 339,946 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in KKR & Co. Inc. by 61.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager’s stock valued at $131,777,000 after acquiring an additional 338,019 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

KKR opened at $132.17 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The firm has a market cap of $117.40 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The business’s fifty day moving average is $150.98 and its 200-day moving average is $140.86.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KKR shares. 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 report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped 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 note on Monday, November 11th. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lowered their target price 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. One 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. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target 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.