KKR & Co. Inc. (NYSE:KKR) Stock Holdings Decreased by Private Trust Co. NA

Private Trust Co. NA lessened its position in KKR & Co. Inc. (NYSE:KKR) by 48.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,350 shares of the asset manager’s stock after selling 1,254 shares during the quarter. Private Trust Co. NA’s holdings in KKR & Co. Inc. were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KKR. Parkside Financial Bank & Trust raised its stake in KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 70 shares during the period. Fort Sheridan Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 16.2% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,028 shares of the asset manager’s stock valued at $596,000 after buying an additional 561 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 7.8% during the fourth quarter. QRG Capital Management Inc. now owns 25,418 shares of the asset manager’s stock valued at $3,760,000 after buying an additional 1,843 shares in the last quarter. Roberts Foundation acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $147,910,000. Finally, Proficio Capital Partners LLC lifted its stake in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KKR shares. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company dropped 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 note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Performance

KKR opened at $132.78 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $117.94 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The stock has a 50-day moving average of $148.61 and a 200-day moving average of $142.20. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s payout ratio 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.