New York Life Investment Management LLC Acquires 161 Shares of KKR & Co. Inc. (NYSE:KKR)

New York Life Investment Management LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 100,007 shares of the asset manager’s stock after buying an additional 161 shares during the period. New York Life Investment Management LLC’s holdings in KKR & Co. Inc. were worth $14,792,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $30,000. Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $40,000. Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in KKR & Co. Inc. by 17.8% during the 4th 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 during the period. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of a number of analyst reports. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays dropped their price target on shares of 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. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $132.23 on Friday. The company has a 50-day simple moving average of $149.17 and a two-hundred day simple moving average of $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 PE ratio of 39.71, a price-to-earnings-growth 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. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is presently 21.02%.

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.