Commerzbank Aktiengesellschaft FI Buys 1,037 Shares of KKR & Co. Inc. (NYSE:KKR)

Commerzbank Aktiengesellschaft FI lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 40.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,598 shares of the asset manager’s stock after acquiring an additional 1,037 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in KKR & Co. Inc. were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Bahl & Gaynor Inc. grew its stake in shares of KKR & Co. Inc. by 7.1% in the fourth quarter. Bahl & Gaynor Inc. now owns 331,005 shares of the asset manager’s stock worth $48,959,000 after acquiring an additional 21,930 shares during the period. Charles Schwab Investment Management Inc. grew its position in KKR & Co. Inc. by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock valued at $557,965,000 after buying an additional 85,461 shares during the period. Steward Partners Investment Advisory LLC grew its position in KKR & Co. Inc. by 9.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 38,542 shares of the asset manager’s stock valued at $5,701,000 after buying an additional 3,471 shares during the period. Schechter Investment Advisors LLC grew its position in KKR & Co. Inc. by 10.3% during the fourth quarter. Schechter Investment Advisors LLC now owns 1,966 shares of the asset manager’s stock valued at $291,000 after buying an additional 184 shares during the period. Finally, Wernau Asset Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $1,875,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $119.59 on Wednesday. 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 firm has a fifty day moving average price of $147.95 and a 200 day moving average price of $142.20. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm has a market cap of $106.22 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KKR. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Wells Fargo & Company cut 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. Barclays cut their target price 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 boosted 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 report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

About KKR & Co. Inc.

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.