Van ECK Associates Corp Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Van ECK Associates Corp boosted its position in KKR & Co. Inc. (NYSE:KKR) by 30.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,457 shares of the asset manager’s stock after purchasing an additional 5,291 shares during the period. Van ECK Associates Corp’s holdings in KKR & Co. Inc. were worth $3,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. Ballentine Partners LLC boosted its position in KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares during the period. Calamos Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 2.0% during the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after purchasing an additional 78 shares during the last quarter. Finally, Mather Group LLC. raised its stake in shares of KKR & Co. Inc. by 7.9% during the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock worth $157,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.5 %

KKR stock opened at $138.56 on Thursday. The stock has a 50-day simple moving average of $151.41 and a two-hundred day simple moving average of $140.91. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm has a market capitalization of $123.07 billion, a PE ratio of 41.61, 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. Dividend Announcement

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 paid a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Citigroup raised their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued 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. has an average rating of “Moderate Buy” and an average 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.