Ingalls & Snyder LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,684 shares of the asset manager's stock after selling 2,121 shares during the quarter. Ingalls & Snyder LLC's holdings in KKR & Co. Inc. were worth $4,538,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter worth $30,000. Raleigh Capital Management Inc. grew its holdings 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 purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $31,000. Finally, Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods decreased their target price on shares of 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. TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus target price of $161.43.
Read Our Latest Research Report on KKR
KKR & Co. Inc. Trading Up 1.0 %
Shares of KKR traded up $1.43 during midday trading on Friday, reaching $140.73. The company had a trading volume of 2,196,704 shares, compared to its average volume of 4,141,067. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $152.24 and a 200-day simple moving average of $140.43. The stock has a market cap of $125.00 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.
KKR & Co. Inc. Dividend Announcement
The company also recently announced 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.
About KKR & Co. Inc.
(
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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