Ingalls & Snyder LLC Sells 2,121 Shares of KKR & Co. Inc. (NYSE:KKR)

Ingalls & Snyder LLC lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,684 shares of the asset manager’s stock after selling 2,121 shares during the period. Ingalls & Snyder LLC’s holdings in KKR & Co. Inc. were worth $4,538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at $31,000. Raleigh Capital Management Inc. raised its stake in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Finally, Eastern Bank bought a new position in KKR & Co. Inc. during the third quarter worth $34,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KKR shares. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Down 2.2 %

KKR & Co. Inc. stock opened at $139.35 on Thursday. The stock has a market cap of $123.77 billion, a P/E ratio of 41.85, a PEG ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50 day moving average price is $153.30 and its 200-day moving average price is $140.14.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is presently 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.