Kentucky Retirement Systems Sells 638 Shares of KKR & Co. Inc. (NYSE:KKR)

Kentucky Retirement Systems lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,346 shares of the asset manager’s stock after selling 638 shares during the quarter. Kentucky Retirement Systems’ holdings in KKR & Co. Inc. were worth $6,855,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its stake in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after buying an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $667,000. Caldwell Investment Management Ltd. grew its holdings in KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after purchasing an additional 5,900 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after purchasing an additional 4,481 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.8 %

NYSE:KKR opened at $134.54 on Friday. The firm has a 50-day simple moving average of $151.41 and a 200-day simple moving average of $140.91. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The firm has a market cap of $119.50 billion, a P/E ratio of 40.40, a P/E/G ratio of 1.03 and a beta of 1.67. 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. Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KKR shares. Keefe, Bruyette & Woods dropped 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. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. 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 research note on Thursday, February 6th. Finally, JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.