New York Life Investment Management LLC Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

New York Life Investment Management LLC boosted its position in KKR & Co. Inc. (NYSE:KKR) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,007 shares of the asset manager’s stock after buying an additional 161 shares during the quarter. New York Life Investment Management LLC’s holdings in KKR & Co. Inc. were worth $14,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in KKR. Pettinga Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $238,000. PFG Investments LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $217,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $214,000. Nisa Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 18.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 67,627 shares of the asset manager’s stock valued at $8,831,000 after buying an additional 10,337 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of KKR & Co. Inc. by 12.6% during the 3rd quarter. abrdn plc now owns 258,077 shares of the asset manager’s stock valued at $33,652,000 after buying an additional 28,799 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $132.23 on Friday. The company’s fifty day moving average price is $149.17 and its 200-day moving average price is $141.60. 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 firm has a market capitalization of $117.45 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a one year low of $91.92 and a one year 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. Investors of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. 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 report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley lowered their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus 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.