KKR & Co. Inc. (NYSE:KKR) is Accuvest Global Advisors' 8th Largest Position

Accuvest Global Advisors lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,479 shares of the asset manager's stock after selling 2,421 shares during the quarter. KKR & Co. Inc. comprises about 5.3% of Accuvest Global Advisors' holdings, making the stock its 8th biggest holding. Accuvest Global Advisors' holdings in KKR & Co. Inc. were worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Network Inc. grew its stake in shares of KKR & Co. Inc. by 13.2% in the 4th quarter. Financial Management Network Inc. now owns 13,927 shares of the asset manager's stock valued at $2,117,000 after buying an additional 1,624 shares during the period. Global Retirement Partners LLC grew its holdings in shares of KKR & Co. Inc. by 98.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,912 shares of the asset manager's stock worth $1,170,000 after purchasing an additional 3,933 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $238,000. New York State Common Retirement Fund raised its holdings in KKR & Co. Inc. by 1.1% in the 4th quarter. New York State Common Retirement Fund now owns 805,594 shares of the asset manager's stock valued at $119,155,000 after buying an additional 8,800 shares during the period. Finally, D.A. Davidson & CO. lifted its position in KKR & Co. Inc. by 16.1% in the fourth quarter. D.A. Davidson & CO. now owns 8,331 shares of the asset manager's stock valued at $1,232,000 after buying an additional 1,158 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KKR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, JMP Securities increased their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $161.43.

KKR & Co. Inc. Stock Up 0.4 %

NYSE:KKR traded up $0.55 during trading hours on Friday, hitting $135.10. The company's stock had a trading volume of 403,237 shares, compared to its average volume of 4,109,965. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $120.00 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The stock has a fifty day moving average of $151.41 and a 200-day moving average of $140.91.

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 given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 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.