Elevation Wealth Partners LLC Has $165,000 Stake in KKR & Co. Inc. (NYSE:KKR)

Elevation Wealth Partners LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,118 shares of the asset manager’s stock after acquiring an additional 93 shares during the quarter. Elevation Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $165,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. lifted its stake in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. Finally, Eastern Bank acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $148.65 on Monday. The stock has a market cap of $132.03 billion, a price-to-earnings ratio of 44.64, a P/E/G ratio of 1.05 and a beta of 1.67. 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 stock’s 50-day moving average is $153.85 and its 200 day moving average is $139.59.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a dividend yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Analyst Ratings Changes

Several brokerages have issued reports on KKR. Morgan Stanley dropped their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JMP Securities increased their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.