Vontobel Holding Ltd. Buys 2,229 Shares of KKR & Co. Inc. (NYSE:KKR)

Vontobel Holding Ltd. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.4% during the fourth quarter, Holdings Channel reports. The fund owned 17,752 shares of the asset manager’s stock after acquiring an additional 2,229 shares during the period. Vontobel Holding Ltd.’s holdings in KKR & Co. Inc. were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Finally, Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $140.73 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $125.00 billion, a P/E ratio of 42.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company’s 50 day moving average price is $152.24 and its two-hundred day moving average price is $140.55. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued 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 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KKR shares. JMP Securities raised their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer raised their target price 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. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.