KKR & Co. Inc. (NYSE:KKR) Shares Sold by abrdn plc

abrdn plc reduced its position in KKR & Co. Inc. (NYSE:KKR) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 215,870 shares of the asset manager’s stock after selling 42,207 shares during the quarter. abrdn plc’s holdings in KKR & Co. Inc. were worth $32,048,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in 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 valued at $7,559,000 after buying an additional 4,719 shares during the period. Whalen Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $667,000. Caldwell Investment Management Ltd. boosted its position in shares of 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 worth $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of KKR & Co. Inc. by 42.1% during 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 in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 3.1 %

Shares of KKR stock opened at $153.95 on Thursday. The firm has a 50-day moving average price of $154.42 and a 200 day moving average price of $139.03. KKR & Co. Inc. has a twelve month low of $90.40 and a twelve month high of $170.40. The company has a market capitalization of $136.75 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 0.96 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business 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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. JMP Securities boosted their target price 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 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. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. 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 report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $160.50.

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.