Sawgrass Asset Management LLC Sells 1,865 Shares of KKR & Co. Inc. (NYSE:KKR)

Sawgrass Asset Management LLC trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,831 shares of the asset manager's stock after selling 1,865 shares during the quarter. Sawgrass Asset Management LLC's holdings in KKR & Co. Inc. were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. raised its holdings in shares of KKR & Co. Inc. by 56.7% during the 3rd 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 in the last quarter. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $34,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KKR has been the topic of several analyst reports. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $1.43 during midday trading on Monday, reaching $140.73. 2,196,704 shares of the company's stock were exchanged, compared to its average volume of 4,141,067. The company's 50 day simple moving average is $152.24 and its two-hundred day simple moving average is $140.55. The firm has a market capitalization 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. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is 21.02%.

KKR & Co. Inc. 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.