Blue Trust Inc. Sells 2,280 Shares of KKR & Co. Inc. (NYSE:KKR)

Blue Trust Inc. decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,311 shares of the asset manager's stock after selling 2,280 shares during the period. Blue Trust Inc.'s holdings in KKR & Co. Inc. were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. State Street Corp boosted its position in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock worth $3,486,977,000 after acquiring an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after purchasing an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock valued at $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Geode Capital Management LLC grew its position in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, FMR LLC increased its stake in KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock valued at $1,469,199,000 after buying an additional 165,631 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $3.93 during trading hours on Thursday, hitting $134.54. The company had a trading volume of 7,028,574 shares, compared to its average volume of 4,224,257. The firm has a 50-day moving average of $151.41 and a 200 day moving average of $140.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $119.50 billion, a PE ratio of 40.40, a PEG ratio of 1.04 and a beta of 1.67. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KKR. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company reduced their price target on 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. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. JMP Securities upped their price objective 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. Finally, Citigroup raised their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.