Summit Trail Advisors LLC Purchases 1,916 Shares of KKR & Co. Inc. (NYSE:KKR)

Summit Trail Advisors LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 48.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,871 shares of the asset manager’s stock after purchasing an additional 1,916 shares during the quarter. Summit Trail Advisors LLC’s holdings in KKR & Co. Inc. were worth $868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at $31,000. Raleigh Capital Management Inc. boosted its holdings in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KKR shares. TD Cowen raised their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Oppenheimer increased their price target on 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, Barclays cut their price objective on 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. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 3.7 %

Shares of KKR opened at $142.45 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The business has a 50-day moving average of $153.61 and a 200 day moving average of $139.98. The firm has a market cap of $126.53 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.49%. KKR & Co. Inc.’s payout ratio is 21.02%.

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.