ING Groep NV Has $2.51 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

ING Groep NV reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,950 shares of the asset manager’s stock after selling 3,482 shares during the period. ING Groep NV’s holdings in KKR & Co. Inc. were worth $2,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. First Bank & Trust lifted its position in shares of KKR & Co. Inc. by 8.2% in the fourth quarter. First Bank & Trust now owns 7,324 shares of the asset manager’s stock worth $1,083,000 after purchasing an additional 554 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in KKR & Co. Inc. by 3.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,422 shares of the asset manager’s stock valued at $950,000 after buying an additional 189 shares during the period. Meitav Investment House Ltd. lifted its position in KKR & Co. Inc. by 11.2% in the 4th quarter. Meitav Investment House Ltd. now owns 400,641 shares of the asset manager’s stock worth $59,230,000 after buying an additional 40,365 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of KKR & Co. Inc. by 12.8% during the 4th quarter. Handelsbanken Fonder AB now owns 273,609 shares of the asset manager’s stock valued at $40,470,000 after buying an additional 31,119 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of KKR & Co. Inc. by 5.6% during the 4th quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager’s stock valued at $2,669,000 after acquiring an additional 953 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Oppenheimer raised their price target 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. Wells Fargo & Company lowered their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $132.17 on Friday. The company has a market capitalization of $117.40 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company’s fifty day moving average price is $150.54 and its 200 day moving average price is $141.04.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

KKR & Co. Inc. Company 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.