Truist Financial Corp Acquires 8,618 Shares of KKR & Co. Inc. (NYSE:KKR)

Truist Financial Corp raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,034 shares of the asset manager’s stock after acquiring an additional 8,618 shares during the quarter. Truist Financial Corp’s holdings in KKR & Co. Inc. were worth $14,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in KKR & Co. Inc. by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 109,201 shares of the asset manager’s stock valued at $16,152,000 after acquiring an additional 4,802 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of KKR & Co. Inc. by 6.0% during the fourth quarter. Sanctuary Advisors LLC now owns 98,319 shares of the asset manager’s stock worth $14,542,000 after purchasing an additional 5,578 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 17,407 shares of the asset manager’s stock worth $2,575,000 after purchasing an additional 209 shares in the last quarter. Allworth Financial LP boosted its position in shares of KKR & Co. Inc. by 84.6% during the fourth quarter. Allworth Financial LP now owns 4,944 shares of the asset manager’s stock worth $798,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of KKR & Co. Inc. by 6.1% during the fourth quarter. Principal Securities Inc. now owns 25,957 shares of the asset manager’s stock worth $3,839,000 after purchasing an additional 1,484 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 2.8 %

Shares of KKR stock opened at $134.54 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm’s fifty day moving average price is $151.41 and its two-hundred day moving average price is $140.91. The firm has a market capitalization of $119.50 billion, a P/E ratio of 40.40, a PEG ratio of 1.04 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.52%. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KKR. Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. HSBC cut shares of 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 report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average 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.