Van ECK Associates Corp Acquires 5,291 Shares of KKR & Co. Inc. (NYSE:KKR)

Van ECK Associates Corp boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 30.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,457 shares of the asset manager’s stock after acquiring an additional 5,291 shares during the quarter. Van ECK Associates Corp’s holdings in KKR & Co. Inc. were worth $3,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. grew its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Finally, Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of several research reports. 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. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley reduced 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 research report on Thursday, February 6th. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $138.56 on Thursday. The company’s fifty day simple moving average is $151.41 and its two-hundred day simple moving average is $140.91. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The firm has a market cap of $123.07 billion, a PE ratio of 41.61, a price-to-earnings-growth 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 firm 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 annualized dividend and a dividend yield of 0.51%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

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.