Robertson Stephens Wealth Management LLC Sells 1,862 Shares of KKR & Co. Inc. (NYSE:KKR)

Robertson Stephens Wealth Management LLC reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,631 shares of the asset manager’s stock after selling 1,862 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings 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 purchasing an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings 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 purchasing an additional 4,719 shares during the period. Whalen Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $667,000. Caldwell Investment Management Ltd. boosted its holdings in KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after purchasing an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after purchasing an additional 4,481 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.5 %

KKR opened at $151.51 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $134.57 billion, a PE ratio of 46.05, a PEG 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 50-day moving average price of $154.30 and a two-hundred 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 given a $0.175 dividend. 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 payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research reports. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities 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 company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $161.43.

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.