Empowered Funds LLC Purchases 4,341 Shares of KKR & Co. Inc. (NYSE:KKR)

Empowered Funds LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,071 shares of the asset manager’s stock after purchasing an additional 4,341 shares during the period. Empowered Funds LLC’s holdings in KKR & Co. Inc. were worth $9,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its position 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 valued at $64,000 after buying an additional 65 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of KKR & Co. Inc. by 34.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 27,702 shares of the asset manager’s stock worth $4,097,000 after acquiring an additional 7,136 shares in the last quarter. Serenus Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $267,000. Kingsview Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 15.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,253 shares of the asset manager’s stock valued at $333,000 after purchasing an additional 302 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 78.5% in the fourth quarter. Apollon Wealth Management LLC now owns 13,343 shares of the asset manager’s stock worth $1,974,000 after purchasing an additional 5,869 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $148.65 on Monday. The firm has a market capitalization of $132.03 billion, a PE ratio of 44.64, a PEG ratio of 1.05 and a beta of 1.67. 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’s 50-day moving average is $153.85 and its 200-day moving average is $139.59. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

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 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 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on 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 raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price 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.