Private Wealth Partners LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 116,595 shares of the asset manager's stock after selling 5,080 shares during the period. KKR & Co. Inc. makes up approximately 1.3% of Private Wealth Partners LLC's portfolio, making the stock its 23rd biggest holding. Private Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $17,246,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its position in shares of KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after buying an additional 65 shares in the last quarter. Ballentine Partners LLC grew its stake in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after purchasing an additional 73 shares during the last quarter. Calamos Wealth Management LLC raised its stake 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 worth $580,000 after purchasing an additional 78 shares during the period. Finally, Mather Group LLC. grew its position in KKR & Co. Inc. by 7.9% during the fourth 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 during the period. 76.26% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on KKR. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $161.43.
View Our Latest Analysis on KKR
KKR & Co. Inc. Trading Down 2.8 %
Shares of KKR traded down $3.93 during trading hours on Thursday, reaching $134.54. 7,028,574 shares of the company traded hands, compared to its average volume of 4,224,257. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month 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 company's fifty day moving average price is $151.41 and its two-hundred day moving average price is $140.91. The company has a market capitalization of $119.50 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67.
KKR & Co. Inc. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.52%. KKR & Co. Inc.'s dividend payout ratio is presently 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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