State of Alaska Department of Revenue Decreases Stock Position in KKR & Co. Inc. (NYSE:KKR)

State of Alaska Department of Revenue decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,965 shares of the asset manager’s stock after selling 1,375 shares during the quarter. State of Alaska Department of Revenue’s holdings in KKR & Co. Inc. were worth $11,383,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KKR. Ballentine Partners LLC increased its stake in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after buying an additional 70 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after acquiring an additional 73 shares during the last quarter. Calamos Wealth Management LLC grew its holdings in KKR & Co. Inc. by 2.0% during the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock worth $580,000 after acquiring an additional 78 shares in the last quarter. Mather Group LLC. increased its position in shares of KKR & Co. Inc. by 7.9% in the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 78 shares during the last quarter. Finally, Dudley Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.5 %

Shares of NYSE:KKR opened at $151.51 on Friday. 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 stock has a market cap of $134.57 billion, a P/E ratio of 46.05, a P/E/G ratio of 0.96 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 firm has a fifty day moving average price of $154.30 and a 200 day moving average price of $139.14.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Citigroup upped their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JMP Securities raised their target price on 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. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.