Chevy Chase Trust Holdings LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,756 shares of the asset manager's stock after selling 7,351 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in KKR & Co. Inc. were worth $52,768,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Farmers & Merchants Investments Inc. grew its position in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after acquiring an additional 65 shares in the last quarter. Ballentine Partners LLC lifted its stake in KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after purchasing an additional 70 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. Calamos Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 2.0% during the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager's stock valued at $580,000 after purchasing an additional 78 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of KKR & Co. Inc. by 7.9% during the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager's stock valued at $157,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KKR. Wells Fargo & Company cut their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research note 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. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $161.43.
Check Out Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Trading Up 0.2 %
KKR stock traded up $0.25 during trading on Tuesday, reaching $140.81. The company had a trading volume of 3,329,810 shares, compared to its average volume of 4,122,829. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The business has a 50 day moving average of $152.01 and a 200 day moving average of $140.70. The company has a market cap of $125.07 billion, a P/E ratio of 42.28, a PEG ratio of 1.05 and a beta of 1.67.
KKR & Co. Inc. Announces Dividend
The company 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.'s payout ratio is presently 21.02%.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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